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Earnings Watch: Orascom Development, Arabian Cement, AT Lease
Orascom Development Egypt’s saw an almost 5x rise in net income in 1Q2021, reporting (pdf) this morning EGP 438.5 mn…
Rameda net income dips in 4Q2020
Rameda Pharma’s net income dipped 14% y-o-y in 4Q2020 to EGP 43.5 mn, down from EGP 50.8 mn in the…
How auto’s recovery is playing out in the markets
The EGX30 fell 0.8% at today’s close on turnover of EGP 1.59 bn (8.5% above the 90-day average). Foreign investors…
Earnings Watch: At the buzzer: Lots and lots and lots of 3Q2020 earnings
EARNINGS WATCH- Lots and lots of companies released earnings at the buzzer yesterday, the final day for listed corporations to…
Cement producers call for gov’t intervention to salvage ailing sector
The cement industry is calling for gov’t intervention to save crippled sector, saying it is time for the state to…
Who’s in the market for debt: Faragalla Group, BPI
Faragalla Group is reportedly in the market for an EGP 2.05 bn syndicated facility being led by the National Bank…
Cement demand on track to fall again in 2020
Two more signs the cement crisis is getting worse: Demand for cement is on track to drop to 45 mn…
Net profit drops for Palm Hills, HHD, and Arabian Cement in 2Q2020
EARNINGS WATCH- Palm Hills Developments (PHD) saw its net profit after tax fall 37% to EGP 195 mn in 2Q2020…
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