EARNINGS WATCH- Juhayna’s net income rose 14% y-o-y to EGP 174 mn in 3Q2021, according to the company’s latest earnings release (pdf). The company’s revenues rose 23% during the period to EGP 2.4 bn. The company’s bottomline during 9M2021 recorded EGP 490 mn, up 28% from the same period last year, while revenues jumped 16% to record EGP 6.5 bn during the period.

MARKET ROUNDUP-

The EGX30 rose 1.0% at today’s close on turnover of EGP 1.86 bn (23.8% above the 90-day average). Regional investors were net sellers. The index is up 6.2% YTD.

In the green: Heliopolis Housing (+18.7%), GB Auto (+9.3%) and Madinet Nasr Housing (+7.4%).

In the red: Fawry (-3.4%), Rameda (-1.9%) and Speed Medical (-1.9%).

Tags: