EARNINGS WATCH- Logistics company Egytrans has reported a bottomline of EGP 10.8 mn in 9M2021, down 10% y-o-y, according to its earnings statement (pdf). Revenues inched up 34% y-o-y to EGP 200.6 mn during the first nine months of the year.

Alexandria Mineral Oils Company (AMOC) reversed a net loss position in the first quarter of FY2021-2022, it said in a regulatory filing (pdf). Net income after tax came in at EGP 195 mn, up from a net loss of EGP 53 mn in the first quarter of FY2020-2021. The improvement was owed to an increase in mazut exports.

The EGX30 fell 0.5% at today’s close on turnover of EGP 674.3 mn (55.3% below the 90-day average). Foreign investors were net sellers. The index is up 6.0% YTD.

In the green: Rameda (+4.7%), Egyptian Resorts Company (+3.8%) and Ibnsina Pharma (+3.4%).

In the red: AMOC (-6.4%), GB Auto (-2.2%) and EFG Hermes (-1.8%).

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