EARNINGS WATCH-

Al Tawfeek for Financial Lease (AT Lease) reported a 80% y-o-y jump in its net income to EGP 134.1 mn in 2021, according to the company’s financial statement (pdf). Revenues rose 19% last year to EGP 611.5 mn.

Egypt Dutyfree Shops’ net income rose 12% y-o-y in 4Q2021 to EGP 49.2 mn, according to the company’s financial statement (pdf). The company recorded revenues of EGP 230.9 mn for the quarter, up 9% from last year.

MARKET ROUNDUP-

The EGX30 rose 1.2% at today’s close on turnover of EGP 625 mn (39% below the 90-day average). Regional investors were net buyers. The index is down 3.7% YTD.

In the green: Ezz Steel (+7.6%), Credit Agricole (+4.8%) and Fawry (+3.7%).

In the red: Mopco (-2.3%), Ibnsina Pharma (-2.2%) and Egypt Kuwait Holding-EGP (-2.1%).

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