Profits of banks operating in Egypt hit LE130.8B by end of 2022

Wed, 15 Mar 2023 - 02:56 GMT

The CBE stated in a recent report issued on Wednesday, the banks’ net revenues amounted to about LE 331.202 billion at the end of December, compared to LE 225.807 billion at the end of September.

Fawry records profits of LE 242.12M during 2021

Thu, 21 Apr 2022 - 11:47 GMT

As per standalone results, the company recorded profits of LE 120.41 million, compared to LE 186.23 million during 2020.

GB Auto records profits of LE 1.84B in 2021

Sun, 27 Feb 2022 - 11:56 GMT

As for the standalone results, the losses of the independent company declined during 2021 to reach LE 2.41 million, compared to losses amounting to about LE 9.03 million during 2020.

ElSewedy Electric decides to establish branches in Burkina Faso, achieves LE3.8B profits

Wed, 09 Feb 2022 - 04:13 GMT

As for the standalone profits, the company recorded profits of LE1.1 billion during 2021, compared to LE 2.3 billion during 2020.

Banque du Caire reports LE 2.7B profit in Q3-21

Thu, 02 Dec 2021 - 04:24 GMT

The profit growth was ascribed to higher net interest income by 3% to LE 7.7 billion in the third quarter compared to LE 7.5 billion in the corresponding period of 2020.

Edita profits record LE 321.52M in 6 months

Wed, 03 Nov 2021 - 03:14 GMT

As for standalone results, the company profits rose to LE 300.28 million during January-June 2021, compared to LE 253.6 million in the period of 2020.

Emaar Misr's profits rise 138% in 9 months

Tue, 02 Nov 2021 - 01:35 GMT

As per standalone results, the company's profits rose during the period from January to September to record LE 2.81 billion, compared to LE 1.18 billion during the same period last year.

E-finance records profits of LE 275.56M during 1st half of 2021

Sun, 10 Oct 2021 - 01:46 GMT

As for the standalone results, the company turned into loss during the first six months of 2021, recording losses of LE 17.88 million, compared to LE 146.6 million in profits during the comparable period from 2020.

Orascom Financial Holding records profits of LE 36.66M

Tue, 31 Aug 2021 - 01:41 GMT

It achieved revenues of LE 161.27 million during the period from the beginning of its establishment to June 30, 2021.

Orascom Construction records profits of $53.4M in 6 months

Sun, 29 Aug 2021 - 03:31 GMT

As per standalone results, the company recorded losses of $13.11 million during January/June period of 2021, compared to losses of $6.69 billion in the same period of prior year.

Amer Group's profits surge 537.75% in H1 2021

Thu, 19 Aug 2021 - 03:00 GMT

As per standalone profits, AMER recorded profits of LE 26.19 million in 2021 period, down from LE 41.4 million in 2020 period.

Egypt's profits from Sokary Gold Mine over past decade are $550M

Tue, 13 Jul 2021 - 12:09 GMT

Currently, the company is working towards the target of producing 400,000 and 430,000 gold bars by the end of 2021.

Profits of Egypt's banks hit LE 30B during Q1 of 2021

Tue, 22 Jun 2021 - 03:20 GMT

CBE’s data indicated that the activity’s revenues amounted to LE 117.296 billion during the first 3 months of 2021, while total expenditures recorded about LE 87.305 billion.

Fawry hits profits of LE 85.79M during Q1 2021

Sun, 23 May 2021 - 01:22 GMT

The company’s revenues rose to LE 348.99 million, compared to LE 257.99 million during the same period of 2020.

ElSewedy Electric's profits rise 66% in Q1 of 2021

Mon, 17 May 2021 - 03:52 GMT

It recorded a net profit of LE 769.49 during the first quarter of 2021, compared to profits of LE 463.69 million during the first quarter of 2020, taking into account minority rights.

Egypt Aluminum targets LE138M in profits in revised 2021/2022 budget

Wed, 21 Apr 2021 - 02:53 GMT

The company targets total sales during the next fiscal year of LE 11.29 billion, compared to sales of the approved plan for the current fiscal year amounting to LE 10.53 billion, and sales expected to be achieved worth LE 10.21 billion in the current fiscal year.

Banque Misr achieves LE 24B in profits in FY 2019/20

Tue, 13 Apr 2021 - 12:32 GMT

Net profits recorded LE 11 billion in 2019/20 after paying taxes worth LE 13 billion.

GlaxoSmithKline records profits LE 28.13M in 2020

Wed, 31 Mar 2021 - 02:32 GMT

GlaxoSmithKline's consolidated financial statements revealed that, the company's net profit declined by 80 percent year-on-year during 2020.

Orascom Development records profits of LE 532.18M in 2020

Tue, 16 Mar 2021 - 02:15 GMT

As per standalone results, Orascom recorded profits of LE 403.8 million in 2020, compared to LE 634.12 million during 2019.

CIB logs profits of LE 10.23B in 2020

Mon, 01 Mar 2021 - 11:22 GMT

As for the bank's standalone financial statements, it achieved profits of LE 10.29 billion during 2020, compared to profits of LE 11.8 billion in 2019.