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Earnings watch: Edita reports 2020 results
Edita bottom line recovers from post-covid lockdown in the back half of 2020: Edita recorded EGP 302.2 mn in net…
Vodafone’s Bee and Masary acquisitions confirmed, ElSewedy Electrics sees net profits fall 25% in 2020
The EGX30 rose 0.2% at today’s close on turnover of EGP 1.59 bn (8.7% above the 90-day average). Local investors…
Telecom Egypt sees 10% y-o-y income growth in 2020
State-owned Telecom Egypt recorded EGP 4.9 bn in net income in 2020, up 10% y-o-y and marking the landline monopoly’s…
Consumer healthcare outfit IDH says it will beat FY2020 guidance
London-listed, Cairo-headquartered consumer healthcare firm Integrated Diagnostic Holdings (IDH) beat its guidance for FY2020, saying in a trading update that…
Eni scales back Egypt production after demand shock
Eni’s daily production of oil and gas from its Egypt-based assets fell 18% in 2020, as global energy markets reckoned…
Credit Agricole and NBK Egypt plan capital raises + it looks like Banque Misr is upping its bid for CI Capital
The EGX30 fell 0.3% at today’s close on turnover of EGP 1.3 bn (9.8% below the 90-day average). Local investors…
OIH is back
The EGX30 fell -1.1% at today’s close on turnover of EGP 1.4 bn (3% below the 90-day average). Foreign investors…
Earnings watch: Sarwa Capital, Speed Medical, Kima announce 2020 results
Sarwa Capital’s net profit eased 9% to EGP 353 mn in 2020, from EGP 389 mn the year before, the…
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