{"id":551042,"date":"2022-05-22T13:22:08","date_gmt":"2022-05-22T13:22:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/22\/earnings-watch-arabian-cement\/"},"modified":"2022-05-22T13:22:08","modified_gmt":"2022-05-22T13:22:08","slug":"earnings-watch-arabian-cement","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/22\/earnings-watch-arabian-cement\/","title":{"rendered":"Earnings watch: Arabian Cement"},"content":{"rendered":"<p><strong>EARNINGS WATCH- <\/strong><\/p>\n<p><strong>Arabian Cement returned to the black in 1Q2022<\/strong>, with its bottom line recording EGP 58.85 mn during the quarter compared to net losses of EGP 6.33 mn in 1Q2021, according to the company\u2019s <a href=\"https:\/\/ent.news\/2022\/5\/Arabian-Cement-1Q2022.pdf\">financials (pdf)<\/a>. The company\u2019s sales rose 145% y-o-y to EGP 1.06 bn in 1Q2022.<\/p>\n<p><strong>MARKET ROUNDUP-<\/strong><\/p>\n<p><strong>The EGX30 fell 0.8% at today\u2019s close<\/strong> on turnover of EGP 364 mn (57.8% below the 90-day average). Regional investors were net sellers. The index is down 12.4% YTD.<\/p>\n<p><strong>In the green: <\/strong>EFG Hermes (+0.6%), Ibnsina Pharma (+0.4%) and Qalaa Holdings (+0.2%).<\/p>\n<p><strong>In the red: <\/strong>Orascom Construction (-4.0%), Cleopatra Hospitals (-3.3%) and Abu Qir Fertilizers (-2.3%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EARNINGS WATCH- Arabian Cement returned to the black in 1Q2022, with its bottom line recording EGP 58.85 mn during the quarter compared to net losses of EGP 6.33 mn in 1Q2021, according to the company\u2019s financials (pdf). The company\u2019s sales rose 145% y-o-y to EGP 1.06 bn in 1Q2022. MARKET ROUNDUP- The EGX30 fell 0.8% [&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":[1236,409,68,633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-551042","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-arabian-cement","tag-earnings-watch","tag-egx","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"8d1b7fce-aa68-49fd-bc91-2f88655f6f6b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[551033],"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: Arabian Cement - 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\/05\/22\/earnings-watch-arabian-cement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: Arabian Cement\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Arabian Cement returned to the black in 1Q2022, with its bottom line recording EGP 58.85 mn during the quarter compared to net losses of EGP 6.33 mn in 1Q2021, according to the company\u2019s financials (pdf). 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The company\u2019s consolidated top line climbed to EGP 2.64 bn from EGP 2.35 bn in 2016.","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":544345,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/earnings-watch-prime-holding-efic-arabian-cement\/","url_meta":{"origin":551042,"position":1},"title":"Earnings watch: Prime Holding, EFIC, Arabian Cement","author":"enterpriseam admin","date":"28 February 2022","format":false,"excerpt":"EARNINGS WATCH- Prime Holdings widened its losses 132% y-o-y, achieving net losses of EGP 56.6 mn in 2021, compared to EGP 24.5 mn in 2020, according to a financial statement (pdf). The company\u2019s revenues rose to EGP 100.4 mn in 2021, up 27.4% y-o-y.Arabian Cement returned to the black in\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":642427,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/earnings-watch-porto-group-arabian-cement-company\/","url_meta":{"origin":551042,"position":2},"title":"Earnings watch: Porto Group, Arabian Cement Company","author":"enterpriseam admin","date":"14 August 2017","format":false,"excerpt":"EARNINGS WATCH- Arabian Cement Company reported a consolidated net profit after tax in 2Q2017 of EGP 12 mn, down from EGP 109 mn in 2Q2016, according to the company\u2019s financial statements. Revenues for 2Q2017 fell to EGP 541 from EGP 574 mn during the same period last year.Porto Group reported\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":564153,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/11\/earnings-watch-beltone-nbk-egypt-credit-agricole-egypt-gsk-obour-land-arabian-cement\/","url_meta":{"origin":551042,"position":3},"title":"Earnings watch: Beltone, NBK Egypt, Credit Agricole Egypt, GSK, Obour Land, Arabian Cement","author":"enterpriseam admin","date":"11 August 2021","format":false,"excerpt":"EARNINGS WATCH- Beltone Financial reported net income of EGP 4.7 mn in 2Q2021, up from a loss of EGP 12.1 mn in 2Q2020 and net income of almost EGP 3.8 mn in the first quarter of this year, according to an earnings report (pdf). The company\u2019s revenues reached EGP 95.9\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":565874,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/10\/earnings-watch-orascom-development-arabian-cement-at-lease\/","url_meta":{"origin":551042,"position":4},"title":"Earnings Watch: Orascom Development, Arabian Cement, AT Lease","author":"enterpriseam admin","date":"10 May 2021","format":false,"excerpt":"Orascom Development Egypt\u2019s saw an almost 5x rise in net income in 1Q2021, reporting (pdf) this morning EGP 438.5 mn in income during the three-month period, up from EGP 92 mn last year. Revenues increased 62% to hit EGP 1.46 bn during the quarter, up from EGP 904 mn during\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":647365,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/09\/earnings-watch-arabian-cement-company-reports-1q2017-results\/","url_meta":{"origin":551042,"position":5},"title":"Earnings watch: Arabian Cement Company reports 1Q2017 results","author":"enterpriseam admin","date":"9 May 2017","format":false,"excerpt":"EARNINGS WATCH- Arabian Cement Company reported a 75% y-o-y increase in net income to EGP 59.7 mn in 1Q2017, up from EGP 34.1 mn in the same period of last year, according to an EGX filing.","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551042","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=551042"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551042\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/551033"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=551042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=551042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=551042"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=551042"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=551042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}