EARNINGS WATCH-

Egytrans turned to the black in 1Q2022, recording a bottom line of EGP 3.17 mn compared to EGP 20.05k in net losses in 1Q2021, according to Egytrans’ financials (pdf). Revenues also rose 64.8% y-o-y in 1Q2022 to EGP 94.29 mn.

TMG Holding saw its bottom line increase 27% y-o-y in 1Q2022 to EGP 553.98 mn, the company said in an EGX disclosure (pdf) today. Revenues also rose 12% y-o-y during the quarter to reach EGP 3.02 bn.

MARKET ROUNDUP-

The EGX30 fell 1.0% at today’s close on turnover of EGP 609 mn (28.1% below the 90-day average). Foreign investors were net sellers. The index is down 12.9% YTD.

In the green: Rameda (+3.7%) and Oriental Weaver (+0.3%).

In the red: Ibnsina Pharma (-7.0%), Palm Hills Development (-5.9%) and Orascom Construction (-5.1%).

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