EARNINGS WATCH- Sarwa Capital’s net income after tax rose 130% to EGP 120 mn in 1Q2019, up from EGP 52 mn during the same period last year, the company said in a statement (pdf). “We are pleased to announce our record quarterly profits amidst an eventful period full of developments for the business,” the structured and consumer finance firm said. “Looking ahead, while the expected volatility persists in our underlying asset markets, a series of new investments and partnerships are building substantial momentum as they come into effect over the coming period across our business lines, further boosting our capacity, distribution, and product roll out,” Sarwa added.

Oriental Weavers posted a 1Q net profit of EGP 220 mn, a 7.8% increase from the same period in 2018, the company said in a statement (pdf). Revenues rose 3.8% y-o-y to EGP 2.6 bn.

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