Suez Canal revenues estimated to rise by 10% in FY2021/22

Thu, 05 Aug 2021 - 12:33 GMT

The official pointed out that the Suez Canal accomplished revenues worth $530.7 million in FY2020/2021 with a hike of 20.7 percent.

Egypt's profit rate from tourism hits $11B as of March 8, 2020

Tue, 07 Apr 2020 - 04:06 GMT

The rate of profit from this sector was expected to hit $16 billion by the end of 2020.

Going Green

Sat, 13 Jul 2019 - 04:51 GMT

Why green business is more important than ever.

CI Capital records profit of LE 487.25M in 2018

Thu, 14 Feb 2019 - 02:30 GMT

CI Capital's revenues hiked to LE 2.5 billion in 2018, compared to LE 1.85 billion in 2017.

Global Telecom turns into loss in 1st 9 months of 2018

Thu, 08 Nov 2018 - 12:23 GMT

As per standalone results, Global Telecom deepened its loss during January to September period to $338.7 million, compared to a loss of $84.5 million during the same period of 2017.

Madinet Nasr Housing records profit of LE 869M in 9 months

Sun, 04 Nov 2018 - 04:03 GMT

As per standalone results, the company achieved a profit of LE 816.7 million during the January to September period, compared to LE 755.9 million in 2017.

Buffett's Berkshire doubles profit, repurchases $900M stock in Q3

Sun, 04 Nov 2018 - 09:55 GMT

Operating profit in the third quarter doubled to $6.88 billion from $3.44 billion a year earlier, and higher than the $6.11 billion expected by Wall Street, according to IBES data from Refinitiv.

Juhayna’s profits jump 138% in 9M of 2018

Sun, 21 Oct 2018 - 03:29 GMT

The consolidated gross profit increased 17.52 percent to reach LE 1.59 billion, compared to LE 1.35 billion in the same nine months of 2017.

U.S. fund managers trim bank stocks on profit worries

Sun, 02 Sep 2018 - 08:36 GMT

The average U.S. based mutual fund reduced its stake in financial companies by nearly 1.1 percentage points in the second quarter to approximately 14 percent.

Telecom Egypt records net profit of LE2.1B in H1 2018

Tue, 14 Aug 2018 - 05:39 GMT

As per standalone results, the company marked an increase of 2.38 percent, recording LE 1.42 billion during the first half of 2018.

Ford cuts 2018 profit forecast; tariffs, China sales hurt second quarter

Thu, 26 Jul 2018 - 09:36 GMT

Ford’s shares fell 3.7 percent in after-hours trade.

Eastern Co. marks profits of LE 4.2B in 2017/18

Wed, 25 Jul 2018 - 01:10 GMT

The board of directors of the company approved the splitting of its stock to be valued at LE 0.50 instead of LE 5.

Juhayna marks profit of LE 239.8M in H1 of 2018

Wed, 18 Jul 2018 - 12:36 GMT

As per standalone profit, Juhayna marked a profit of LE 84.68 million, compared to LE 75.63 million during the same half of 2017, with an 11.97 percent increase.

Buffett, Dimon say quarterly profit forecasts harming economy: WSJ

Thu, 07 Jun 2018 - 09:25 GMT

Short-term-oriented capital markets have discouraged companies with a longer-term view from going public at all, depriving the economy of innovation and opportunity, the said.

Honda's China sales slump for 4th month amid quality issues

Mon, 04 Jun 2018 - 09:05 GMT

The Japanese automaker’s sales in China fell 15.3 percent in May from a year earlier to 99,263 vehicles, it said on Monday.

Global airlines slash profit outlook as fuel costs jump

Mon, 04 Jun 2018 - 08:59 GMT

IATA said the industry is expected to post a $33.8 billion profit this year, 12 percent below a previous forecast of $38.4 billion.

Toshiba says memory chip unit sale to boost annual profit by a third

Tue, 15 May 2018 - 08:32 GMT

Net profit for the struggling conglomerate is likely to grow to 1.07 trillion yen ($9.75 billion) from 804 billion yen.

Ibnsina marks profit of LE 27.9M in Q1 2018

Mon, 14 May 2018 - 02:36 GMT

The company’s financial indicators revealed recording revenues of LE 2.9 billion during the three months ending March 2018.

Hermes records net profit of LE 249M in Q1 2018

Mon, 14 May 2018 - 09:26 GMT

For the standalone profit, Hermes marked a decline to LE 33.75 million, compared to LE 207.15 million in Q1 of 2017.

CIB records profit of LE 2.02B in Q1 2018

Wed, 09 May 2018 - 03:45 GMT

As per standalone profits, the bank recorded a profit of LE 2.017 billion in Q1-18, compared to LE 1.78 billion in the same period of 2017.