Clothing manufacturer Dice reported a net profit of EGP 1.8 mn for 2Q2021, up from losses of EGP 47.9 mn recorded during the same quarter last year, according to the company’s latest earnings release (pdf). The company’s revenues rose to EGP 369 mn from EGP 185 mn in 2Q2020.
The EGX30 fell 1.8% at today’s close on turnover of EGP 1.5 bn (0.2% above the 90-day average). Local investors were net sellers. The index is up 2.3% YTD.
In the green: EK Holding (+0.9%), CIRA (+0.2%).
In the red: Egyptian for Tourism Resorts (-11.9%), Orascom Development Egypt (-5.7%) and Pioneers Holding (-4.5%).