EARNINGS WATCH-

  • Juhayna reported an 8.4% y-o-y decrease in consolidated net profit to EGP 27.3 mn in 2Q2017, according to an EGX filing. The company’s consolidated revenues rose 15.8% y-o-y in 2Q2017 to EGP 1.57 bn.
  • Oriental Weavers reported a 28% y-o-y increase in second quarter net profit to EGP 204 mn, according to the company’s earnings release. The company also reported a 54% y-o-y increase in its sales revenues to EGP 2.4 bn during the quarter.
  • Eastern Tobacco reported a net profit after tax of EGP 1.7 bn in FY2016-17, up 17.97% y-o-y, according to a bourse filing.
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