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Logistics (MENA) 
Dreaded FY2020 earnings season is upon us
The EGX30 rose 0.2% at today’s close on turnover of EGP 1.6 bn (10.1% above the 90-day average). Foreign investors…
Earnings watch: Export Development Bank, EG Bank
The Export Development Bank of Egypt reported consolidated net profits of EGP 409.7 mn in 2H2020, down 32% y-o-y from…
Covid-19 dents Credit Agricole Egypt annual profits
Credit Agricole Egypt’s net income plunged more than 42% in 2020 as the covid-19 pandemic weighed on income and caused…
New regs for SME lenders
A new regulatory framework for SME lenders is now the law of the land after being published in the Official…
Abu Qir’s net income up 3.59% y-o-y in 2H2020
Abu Qir Fertilizers’ net income rose almost 4% to EGP 1.49 bn in 2H2020, from EGP 1.44 bn during the…
Cigarette maker Eastern posts record results for 2Q2020-2021
Eastern Company posted a EGP 1.38 bn net profit in 2Q2020-2021, up 19% from the same period last year, according…
Sodic’s residential sales rose 19% y-o-y in 2020
Sodic shrugged off the covid-19 lockdown to post record gross sales in 2020, the company’s operational results (pdf) revealed yesterday.…
Earnings watch: Obour Land
Cheesemaker Obour Land reported a 5.1% y-o-y rise in its consolidated net income in 2020 to EGP 310 mn, up…
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