EARNINGS WATCH-

Abu Qir Fertilizers reported EGP 2.09 bn in net income in 4Q 2021-2022, up 95% y-o-y, while its revenues for the quarter came in at EGP 4.29 bn, rising 69% y-o-y, according to its earning release (pdf). The company’s net income in FY 2021-2022 came in at EGP 9.05 bn in net income, rising 158% y-o-y, with revenues for the fiscal year rising 58% to EGP 16.33 bn.

MARKET ROUNDUP-

The EGX30 fell 1.1% at today’s close on turnover of EGP 1.72 bn (52.9% above the 90-day average). Local investors were net buyers. The index is down 15.2% YTD.

In the green: Cleopatra Hospital (+3.2%), EFG-Hermes (+0.8%) and Housing & Development Bank (+0.5%).

In the red: TMG Holding (-4.6%), GB Auto (-4.1%) and Fawry (-3.4%).

Tags: