{"id":550818,"date":"2022-04-28T13:34:00","date_gmt":"2022-04-28T13:34:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/28\/earnings-watch-abu-qir-fertilizers-juhayna-banque-misr-purchases-42-8-of-banque-du-caire-ci-capital-to-distribute-dividends\/"},"modified":"2022-04-28T13:34:00","modified_gmt":"2022-04-28T13:34:00","slug":"earnings-watch-abu-qir-fertilizers-juhayna-banque-misr-purchases-42-8-of-banque-du-caire-ci-capital-to-distribute-dividends","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/28\/earnings-watch-abu-qir-fertilizers-juhayna-banque-misr-purchases-42-8-of-banque-du-caire-ci-capital-to-distribute-dividends\/","title":{"rendered":"Earnings watch: Abu Qir Fertilizers, Juhayna + Banque Misr purchases 42.8% of Banque du Caire + CI Capital to distribute dividends"},"content":{"rendered":"<p><strong>EARNINGS WATCH-<\/strong><\/p>\n<p><strong>Abu Qir Fertilizers\u2019 bottom line rose 185% y-o-y in 9M 2021-2022 to EGP 6.96 bn<\/strong>, the company said in an <a href=\"https:\/\/ent.news\/2022\/4\/Abu-Qir-9M-earnings.pdf\">EGX disclosure (pdf)<\/a>. This comes on the back of a 91% y-o-y increase in revenues to EGP 12.04 bn.<\/p>\n<p><strong>Juhayna\u2019s bottom line rose 23% y-o-y in <\/strong><strong>2021<\/strong><strong> to EGP 526.39 mn<\/strong>, according to an <a href=\"https:\/\/ent.news\/2022\/4\/Juhayna-FY21-earnings-release.pdf\">earnings<\/a><a href=\"https:\/\/ent.news\/2022\/4\/Juhayna-FY21-earnings-release.pdf\">release (pdf)<\/a>. The juice and dairy company\u2019s revenues also rose during the fiscal year, increasing 17% y-o-y to EGP 8.81 bn.<\/p>\n<p><strong>MARKET NEWS-<\/strong><\/p>\n<p><strong>Banque Misr <\/strong><strong><a href=\"https:\/\/ent.news\/2022\/4\/Screen-Shot-2022-04-28-at-1.42.32-PM.png\">has purchased<\/a><\/strong> <strong>1.125 bn shares \u2014 around 42.8% \u2014 in Banque du Caire in a<\/strong><strong> EGP 6.97 bn block transaction<\/strong> under a transfer of ownership agreement, a <a href=\"https:\/\/ent.news\/2022\/4\/Banque-du-Caire.pdf\">disclosure to the bourse (pdf)<\/a> showed. <a href=\"https:\/\/www.masrawy.com\/news\/news-banking\/details\/2022\/4\/28\/2216437\/%D9%85%D8%B5%D8%A7%D8%AF%D8%B1-%D9%84%D9%85%D8%B5%D8%B1%D8%A7%D9%88%D9%8A-%D8%A5%D8%B9%D8%A7%D8%AF%D8%A9-%D9%87%D9%8A%D9%83%D9%84%D8%A9-%D9%85%D9%84%D9%83%D9%8A%D8%A9-%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%82%D8%A7%D9%87%D8%B1%D8%A9-%D8%AA%D8%AD%D8%AA-%D8%A8%D9%86%D9%83-%D9%85%D8%B5%D8%B1\">Masrawy<\/a> cites three separate banking sources close to the state-owned banks as saying that the sale is part of an ownership restructuring plan, with no new share sales made to any third party. The restructuring will see the stake owned by Banque Misr\u2019s investment arm Misr Capital in Banque du Caire transferred directly to Banque Misr. Enterprise was unable to reach representatives from either of the two banks in time for dispatch.<\/p>\n<p><strong>CI Capital will distribute dividends on two dates this year<\/strong>, the company said in an <a href=\"https:\/\/ent.news\/2022\/4\/CI-Capital-2022-dividends.pdf\">EGX<\/a><a href=\"https:\/\/ent.news\/2022\/4\/CI-Capital-2022-dividends.pdf\">disclosure (pdf)<\/a> today. Shareholders will receive EGP 0.125 per share on each distribution date, with the first distribution date on 19 May and the second on 29 September.<\/p>\n<p><strong>MARKET ROUNDUP-<\/strong><\/p>\n<p><strong>The EGX30 rose 3.1% at today\u2019s close<\/strong> on turnover of EGP 1.21 bn (27.4% above the 90-day average). Foreign investors were net sellers. The index is down 7.5% YTD.<\/p>\n<p><strong>In the green: <\/strong>GB Auto (+10.1%), Heliopolis Housing (+9.3%) and Madinet Nasr Housing (+9.1%).<\/p>\n<p><strong>In the red: <\/strong>Eastern Company (-3.6%), Rameda (-2.2%) and Housing and Development Bank (-0.1%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EARNINGS WATCH- Abu Qir Fertilizers\u2019 bottom line rose 185% y-o-y in 9M 2021-2022 to EGP 6.96 bn, the company said in an EGX disclosure (pdf). This comes on the back of a 91% y-o-y increase in revenues to EGP 12.04 bn. Juhayna\u2019s bottom line rose 23% y-o-y in 2021 to EGP 526.39 mn, according to [&hellip;]<\/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":[548,409,68,633,642,1027],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-550818","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-abu-qir-fertilizers","tag-earnings-watch","tag-egx","tag-enterprisepm","tag-go-with-the-flow","tag-juhayna","wpautop","entry"],"acf":{"mongo_id":"0bbaf512-9b98-4538-9aac-9ca42a0cd366","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[550809],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Earnings watch: Abu Qir Fertilizers, Juhayna + Banque Misr purchases 42.8% of Banque du Caire + CI Capital to distribute dividends - 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\/04\/28\/earnings-watch-abu-qir-fertilizers-juhayna-banque-misr-purchases-42-8-of-banque-du-caire-ci-capital-to-distribute-dividends\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: Abu Qir Fertilizers, Juhayna + Banque Misr purchases 42.8% of Banque du Caire + CI Capital to distribute dividends\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Abu Qir Fertilizers\u2019 bottom line rose 185% y-o-y in 9M 2021-2022 to EGP 6.96 bn, the company said in an EGX disclosure (pdf). 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The company\u2019s revenues dropped 0.7% y-o-y to EGP 4.3 bn during the quarter. On a full-year basis, Abu Qir reported EGP 14.6 bn\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":600604,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/04\/earnings-watch-abu-qir-fertilizers-credit-agricole\/","url_meta":{"origin":550818,"position":1},"title":"Earnings Watch: Abu Qir Fertilizers, Credit Agricole","author":"enterpriseam admin","date":"4 February 2019","format":false,"excerpt":"EARNINGS WATCH- Abu Qir Fertilizers\u2019 net profits rose 32.4% y-o-y in 1H2018-19, which ended in December, to EGP 1.7 bn, the company announced in an EGX filing. Revenues were up 19.6% y-o-y, rising to EGP 5 bn. The figures come at a welcome as the company prepares to sell a\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":580946,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/29\/earnings-watch-abu-qir-obour-land\/","url_meta":{"origin":550818,"position":2},"title":"Earnings watch: Abu Qir + Obour Land","author":"enterpriseam admin","date":"29 January 2023","format":false,"excerpt":"EARNINGS WATCH-Abu Qir Fertilizers and Chemical Industries\u2019 net income after tax rose to EGP 7.2 bn in 1H 2022-23, up 126% y-o-y, according to its earnings release (pdf). The company\u2019s revenues also rose 80% y-o-y to EGP 11.2 bn.Obour Land\u2019s bottomline rose 42% y-o-y to EGP 135.7 mn in 4Q\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":587677,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/30\/earnings-watch-telecom-egypt-mm-group-housing-and-development-bank-raya-holding-eastern-company-and-abu-qir-fertilizers-report-results\/","url_meta":{"origin":550818,"position":3},"title":"Earnings watch: Telecom Egypt, MM Group, Housing and Development Bank, Raya Holding, Eastern Company, and Abu Qir Fertilizers report results","author":"enterpriseam admin","date":"30 May 2023","format":false,"excerpt":"EARNINGS WATCH- Telecom Egypt reported EGP 4.1 bn in normalized net income in 1Q 2023, rising 144% y-o-y, according to its earnings release (pdf). The company\u2019s revenues climbed 48% y-o-y to EGP 14 bn during the quarter.MM Group for Industry and International Trade\u2019s net income rose 201.7% y-o-y to EGP\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","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":664657,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/05\/abu-qir-fertilizers-net-income-drops-35-5-y-o-y-in-9m-fy-2024-25\/","url_meta":{"origin":550818,"position":4},"title":"Abu Qir Fertilizers\u2019 net income drops 35.5% y-o-y in 9M FY 2024-25","author":"enterpriseam admin","date":"5 May 2025","format":false,"excerpt":"The company\u2019s revenues, however, saw a 20.3% y-o-y increase","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/876.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":674656,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/02\/qalaa-holdings-and-abu-qir-fertilizers-post-their-earnings\/","url_meta":{"origin":550818,"position":5},"title":"Qalaa Holdings and Abu Qir Fertilizers post their earnings","author":"enterpriseam admin","date":"2 November 2025","format":false,"excerpt":"The latest round of quarterly earnings is starting to pick up the pace, with Qalaa Holdings and Abu Qir Fertilizers all posting their earnings over the last few days.(Tap or click the headline above to read this story with all of the links to our background as well as external\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/7\/804.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=550818"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/550818\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/550809"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=550818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=550818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=550818"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=550818"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=550818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}