EARNINGS WATCH-

Alexandria New Medical Center’s net income rose 27% y-o-y to EGP 26.45 mn in FY 2021, according to the company’s financial statement (pdf). Revenues increased 20.2% y-o-y during 2021 to EGP 271.13 mn.

MARKET ROUNDUP-

The EGX30 fell 0.3% at today’s close on turnover of EGP 1.36 bn (29% above the 90-day average). Foreign investors were net sellers. The index is down 2.0% YTD.

In the green: Sidi Kerir Petrochem (+5.0%), Eastern Company (+4.4%) and Orascom Development Egypt (+2.7%).

In the red: Orascom Construction (-2.9%), Ezz Steel (-2.8%) and TMG Holding (-1.9%).

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