{"id":551412,"date":"2022-06-15T13:38:08","date_gmt":"2022-06-15T13:38:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/15\/earnings-watch-arab-dairy\/"},"modified":"2022-06-15T13:38:08","modified_gmt":"2022-06-15T13:38:08","slug":"earnings-watch-arab-dairy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/15\/earnings-watch-arab-dairy\/","title":{"rendered":"Earnings watch: Arab Dairy"},"content":{"rendered":"<p><strong>EARNINGS WATCH-<\/strong><\/p>\n<p><strong>Arab Dairy saw their bottom line fall 61.9% y-o-y in 1Q2022 to EGP 3.19 mn<\/strong>, according to their <a href=\"https:\/\/ent.news\/2022\/6\/Arab-Dairy-1Q2022-earnigns.pdf\">financials (pdf)<\/a>. The Panda cheese makers also saw their sales decline 23.6% y-o-y during the quarter to EGP 292.8 mn.<\/p>\n<p><strong>MARKET ROUNDUP-<\/strong><\/p>\n<p><strong>The EGX30 fell 0.1% at today\u2019s close<\/strong> on turnover of EGP 813 mn (3.2% above the 90-day average). Foreign investors were net sellers. The index is down 16.6% YTD.<\/p>\n<p><strong>In the green: <\/strong>Madinet Nasr Housing (+7.3%), Qalaa Holdings (+4.2%) and Heliopolis Housing (+3.5%).<\/p>\n<p><strong>In the red: <\/strong>Cleopatra Hospitals (-4.8%), EFG Hermes (-2.2%) and Eastern Company (-2.0%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EARNINGS WATCH- Arab Dairy saw their bottom line fall 61.9% y-o-y in 1Q2022 to EGP 3.19 mn, according to their financials (pdf). The Panda cheese makers also saw their sales decline 23.6% y-o-y during the quarter to EGP 292.8 mn. MARKET ROUNDUP- The EGX30 fell 0.1% at today\u2019s close on turnover of EGP 813 mn [&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":[2812,409,633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-551412","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-arab-dairy","tag-earnings-watch","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"9e789a3f-e754-4fcb-8b5a-9ec25d4fd3a5","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[551403],"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: Arab Dairy - 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\/06\/15\/earnings-watch-arab-dairy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: Arab Dairy\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Arab Dairy saw their bottom line fall 61.9% y-o-y in 1Q2022 to EGP 3.19 mn, according to their financials (pdf). The Panda cheese makers also saw their sales decline 23.6% y-o-y during the quarter to EGP 292.8 mn. 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This came as the company\u2019s revenues fell 36% to USD 115.83 mn, compared to USD 180.53 mn in FY2020.Arab Dairy saw its\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":566351,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/14\/pioneers-arab-dairy-report-higher-net-income-in-1q2021-kabo-narrows-losses\/","url_meta":{"origin":551412,"position":1},"title":"Pioneers, Arab Dairy report higher net income in 1Q2021, Kabo narrows losses","author":"enterpriseam admin","date":"14 June 2021","format":false,"excerpt":"EARNINGS WATCH- Pioneers Holding net income inched up to EGP 299.6 mn in 1Q2020, up 10.4% y-o-y from EGP 271.3 mn in 1Q2021, according to the company\u2019s earnings release (pdf). Revenues also climbed 18% over the first quarter of 2020 to reach EGP 2.04 bn.Arab Dairy saw its net income\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":552148,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/15\/second-quarter-earnings-overdose\/","url_meta":{"origin":551412,"position":2},"title":"Second-quarter earnings overdose","author":"enterpriseam admin","date":"15 August 2022","format":false,"excerpt":"EARNINGS WATCH-Prime Holding narrowed its losses in 2Q 2022 to EGP 10.14 mn, from EGP 14.88 in the same quarter last year, according to the company\u2019s earnings release (pdf). The company\u2019s revenues dipped 3.5% y-o-y during the quarter to EGP 22.78 mn.MM Group reported a 40.6% y-o-y drop in its\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":564215,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/17\/elsewedy-electrics-net-income-surges-73\/","url_meta":{"origin":551412,"position":3},"title":"Elsewedy Electric\u2019s net income surges 73%","author":"enterpriseam admin","date":"17 August 2021","format":false,"excerpt":"EARNINGS WATCH- Elsewedy Electric saw its net income jump 73% to EGP 973.8 mn in 2Q2021, compared to EGP 562.3 mn in the same period last year, according to the company\u2019s earningsrelease(pdf). Revenues also rose almost 50% to EGP 13.7 bn during the three-month period, compared to EGP 9.3 bn\u2026","rel":"","context":"In &quot;SPEED ROUND: EARNINGS WATCH&quot;","block_context":{"text":"SPEED ROUND: EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594364,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/earnings-watch-juhayna-reports-3q2019-results\/","url_meta":{"origin":551412,"position":4},"title":"Earnings watch: Juhayna reports 3Q2019 results","author":"enterpriseam admin","date":"28 October 2019","format":false,"excerpt":"EARNINGS WATCH- Juhayna Food Industries\u2019 3Q2019 profit fell 8% y-o-y to EGP 111 mn, the dairy producer said in its earnings statement (pdf). 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