{"id":545160,"date":"2022-03-08T13:44:48","date_gmt":"2022-03-08T13:44:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/08\/earnings-watch-emaar-misr\/"},"modified":"2022-03-08T13:44:48","modified_gmt":"2022-03-08T13:44:48","slug":"earnings-watch-emaar-misr","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/08\/earnings-watch-emaar-misr\/","title":{"rendered":"Earnings watch: Emaar Misr"},"content":{"rendered":"

EARNINGS WATCH-<\/strong><\/p>\n

Emaar Misr\u2019s bottom line rose around 118% y-o-y to EGP 4.12 bn in 2021<\/strong>, according to the company\u2019s financials (pdf)<\/a>. Revenues increased 137% y-o-y, reaching EGP 11.08 bn.<\/p>\n

\n

MARKET ROUNDUP-<\/strong><\/p>\n

The EGX30 fell 2.8% at today\u2019s close<\/strong> on turnover of EGP 1.29 bn (27.1% above the 90-day average). Local investors were net buyers. The index is down 13.0% YTD.<\/p>\n

In the green: <\/strong>Orascom Construction (+1.2%), EFG Hermes (+1.1%) and ADIB Egypt (+0.1%).<\/p>\n

In the red: <\/strong>MM Group (-8.6%), Heliopolis Housing (-5.5%) and CIB (-4.9%).<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Emaar Misr\u2019s bottom line rose around 118% y-o-y to EGP 4.12 bn in 2021, according to the company\u2019s financials (pdf). Revenues increased 137% y-o-y, reaching EGP 11.08 bn. MARKET ROUNDUP- The EGX30 fell 2.8% at today\u2019s close on turnover of EGP 1.29 bn (27.1% above the 90-day average). Local investors were net buyers. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[409,68,1527,633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545160","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-earnings-watch","tag-egx","tag-emaar-misr","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"bdec6d9b-daf3-4d5f-bfdb-20ca01d1de0c","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[545152],"teaser":"","voice_url":""},"yoast_head":"\nEarnings watch: Emaar Misr - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/08\/earnings-watch-emaar-misr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: Emaar Misr\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Emaar Misr\u2019s bottom line rose around 118% y-o-y to EGP 4.12 bn in 2021, according to the company\u2019s financials (pdf). 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The company\u2019s consolidated revenues also fell 22.9% y-o-y during the quarter to hit EGP 1.94 bn.Oriental Weavers recorded EGP 260.06 mn in net income in 1Q2022, down\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649471,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/01\/earnings-watch-emaar-misr-3\/","url_meta":{"origin":545160,"position":1},"title":"Earnings watch: Emaar Misr","author":"enterpriseam admin","date":"1 March 2017","format":false,"excerpt":"** Earnings watch- Emaar Misr said its net profit for 2016 grew by 98% y-o-y to EGP 1.68 bn on revenues of EGP 4 bn (up from EGP 3.23 bn a year ago).","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564911,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/07\/earnings-watch-alex-medical-emaar-misr-see-net-profit-declines-in-2020\/","url_meta":{"origin":545160,"position":2},"title":"Earnings Watch- Alex Medical, Emaar Misr see net profit declines in 2020","author":"enterpriseam admin","date":"7 March 2021","format":false,"excerpt":"The EGX30 rose 2.0% at today\u2019s close on turnover of EGP 954 mn (35.3% below the 90-day average). Foreign investors were net sellers. The index is up 6.6% YTD.In the green: AMOC (+7.9%), Sidi Kerir (+6.5%) and Orascom Investment (+6.4%).In the red: Edita (-1.2%), Eastern Co. (-0.2%) and EFG-Hermes (-0.1%).EARNINGS\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595788,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/06\/earnings-emaar-misr-turns-loss-of-egp-324-3-mn-in-3q2019\/","url_meta":{"origin":545160,"position":3},"title":"Earnings: Emaar Misr turns loss of EGP 324.3 mn in 3Q2019","author":"enterpriseam admin","date":"6 August 2019","format":false,"excerpt":"EARNINGS WATCH- Emaar Misr turned net losses of EGP 324.3 mn in 2Q2019, down from a net profit of EGP 598.5 mn in 2Q2018, according to the developer\u2019s earnings release (pdf). This came despite the company\u2019s revenues declining by only 3.4% y-o-y to EGP 890.8 mn from EGP 922.2 mn.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597830,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/earnings-watch-cib-emaar-misr-report-1q2019-results\/","url_meta":{"origin":545160,"position":4},"title":"Earnings watch: CIB, Emaar Misr report 1Q2019 results","author":"enterpriseam admin","date":"6 May 2019","format":false,"excerpt":"EARNINGS WATCH- Our friends at CIB delivered a 31% y-o-y increase in net income of EGP 2.64 bn in 1Q2019 on revenues of EGP 5.60 bn, which rose 35% y-o-y. CIB recorded a capital adequacy ratio of 21.5% by the end of the quarter, which is above the minimum regulatory\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592785,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/earnings-watch-cira-emaar-misr-americana-egypt-report-results\/","url_meta":{"origin":545160,"position":5},"title":"Earnings watch: CIRA, Emaar Misr, Americana Egypt report results","author":"enterpriseam admin","date":"6 November 2019","format":false,"excerpt":"EARNINGS WATCH- Cairo for Real Estate and Investment\u2019s (CIRA) net profit soared 75% y-o-y to EGP 221.1 mn in its fiscal year, which ended on 31 August 2019, according to the company\u2019s earnings release (pdf). Revenues rose 36% y-o-y during the fiscal year, coming in at EGP 704.7 mn. 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