Earnings watch: Porto Group and QNB Al-Ahli report 2019 results

EARNINGS WATCH- Porto Group’s FY2019 profits dropped to EGP 116.9 mn from EGP 133.6 mn the previous year, while revenues were up marginally to EGP 1.7 bn from EGP 1.6 bn, according to the company’s earnings release (pdf).

QNB Al-Ahli’s net profits dipped 8% to EGP 1.87 bn in 1Q2020 compared to EGP 2.02 bn during the same period last year, according to an EGX disclosure (pdf).