{"id":551593,"date":"2022-06-28T14:06:21","date_gmt":"2022-06-28T14:06:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/28\/speed-medicals-bottom-line-falls-to-the-red\/"},"modified":"2022-06-28T14:06:21","modified_gmt":"2022-06-28T14:06:21","slug":"speed-medicals-bottom-line-falls-to-the-red","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/28\/speed-medicals-bottom-line-falls-to-the-red\/","title":{"rendered":"Speed Medical\u2019s bottom line falls to the red"},"content":{"rendered":"

EARNINGS WATCH-<\/strong> Speed Medical was in the red in 1Q2022<\/strong>, recording net losses of EGP 38.8 mn \u2014 a 233% y-o-y fall from gains of EGP 29.14 mn in 1Q2021, according to the company\u2019s financials (pdf)<\/a>. Revenues stayed nearly flat y-o-y, rising slightly to EGP 68.7 mn in 1Q2022 compared to EGP 65.37 mn during the same quarter last year.<\/p>\n

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

<\/a> The EGX30 fell 0.8% at today\u2019s close<\/strong> on turnover of EGP 861 mn (3.9% above the 90-day average). Local investors were net buyers. The index is down 23.2% YTD.<\/p>\n

In the green: <\/strong>GB Auto (+5.4%), Orascom Development Egypt (+3.4%) and Heliopolis Housing (+2.3%).<\/p>\n

In the red: <\/strong>Elsewedy Electric (-6.3%), Ezz Steel (-5.5%) and Sidi Kerir Petrochemicals (-5.1%).<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Speed Medical was in the red in 1Q2022, recording net losses of EGP 38.8 mn \u2014 a 233% y-o-y fall from gains of EGP 29.14 mn in 1Q2021, according to the company\u2019s financials (pdf). Revenues stayed nearly flat y-o-y, rising slightly to EGP 68.7 mn in 1Q2022 compared to EGP 65.37 mn during […]<\/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":[409,633,642,551],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-551593","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-earnings-watch","tag-enterprisepm","tag-go-with-the-flow","tag-speed-medical","wpautop","entry"],"acf":{"mongo_id":"5eb87a21-b1f6-477d-ad5f-d5006fb0cdef","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[551583],"teaser":"","voice_url":""},"yoast_head":"\nSpeed Medical\u2019s bottom line falls to the red - 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\/28\/speed-medicals-bottom-line-falls-to-the-red\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Speed Medical\u2019s bottom line falls to the red\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Speed Medical was in the red in 1Q2022, recording net losses of EGP 38.8 mn \u2014 a 233% y-o-y fall from gains of EGP 29.14 mn in 1Q2021, according to the company\u2019s financials (pdf). 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