{"id":558446,"date":"2021-08-10T04:21:09","date_gmt":"2021-08-10T04:21:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/setting-the-record-straight-on-ci-capital-and-ezz-steel-earnings\/"},"modified":"2021-08-10T04:21:09","modified_gmt":"2021-08-10T04:21:09","slug":"setting-the-record-straight-on-ci-capital-and-ezz-steel-earnings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/setting-the-record-straight-on-ci-capital-and-ezz-steel-earnings\/","title":{"rendered":"Setting the record straight on CI Capital and Ezz Steel earnings"},"content":{"rendered":"

<\/a> We goofed in our coverage of earnings reports in yesterday\u2019s EnterprisePM <\/strong>and have corrected the stories on our website.<\/p>\n

Mea culpa #1:<\/strong> CI Capital\u2019s net income rose to EGP 974 mn in 2Q, not EGP 974k. Decimals \u2014 they\u2019re hard.<\/p>\n

Mea culpa #2:<\/strong> Ezz Steel did not make a loss in the second quarter; it recorded an EGP 1.<\/sup>21 bn profit after being in the red last year, according to its consolidated financials (pdf)<\/a>. The story<\/a> has been updated on our website. Subsidiary Al Ezz Dekheila Steel was also in the black in 2Q2021, with the company reporting (pdf)<\/a> yesterday an EGP 1.04 bn profit during the quarter, compared to an EGP 1.2 bn loss last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

We goofed in our coverage of earnings reports in yesterday\u2019s EnterprisePM and have corrected the stories on our website. Mea culpa #1: CI Capital\u2019s net income rose to EGP 974 mn in 2Q, not EGP 974k. Decimals \u2014 they\u2019re hard. Mea culpa #2: Ezz Steel did not make a loss in the second quarter; it […]<\/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":[9922],"tags":[3549,72,505,7117,270,954,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-558446","post","type-post","status-publish","format-standard","hentry","category-corrections","tag-corrections","tag-enterpriseam","tag-hurghada","tag-red-sea","tag-russia","tag-sharm-el-sheikh","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"1024af97-75f6-4aec-87ed-c03aa1c7ea85","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[558435],"teaser":"","voice_url":""},"yoast_head":"\nSetting the record straight on CI Capital and Ezz Steel earnings - 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\/2021\/08\/10\/setting-the-record-straight-on-ci-capital-and-ezz-steel-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Setting the record straight on CI Capital and Ezz Steel earnings\" \/>\n<meta property=\"og:description\" content=\"We goofed in our coverage of earnings reports in yesterday\u2019s EnterprisePM and have corrected the stories on our website. 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Revenues grew by 30% to EGP 267 mn\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":648753,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/11\/earnings-watch-ezz-steel-releases-fy2016-results\/","url_meta":{"origin":558446,"position":2},"title":"Earnings watch: Ezz Steel releases FY2016 results","author":"enterpriseam admin","date":"11 April 2017","format":false,"excerpt":"EARNINGS WATCH- Al Ezz Dekheila Steel reported a net profit of EGP 91 mn in 2016, compared with a net loss of EGP 263 mn in 2015, according to filing with the EGX. The company\u2019s sales grew 26.9% in 2016 to EGP 13.51 bn. Meanwhile, Faisal Islamic Bank of Egypt\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":643625,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/11\/ezz-steel-sees-bottom-line-jump-fourfold-in-the-first-half-of-the-year\/","url_meta":{"origin":558446,"position":3},"title":"Ezz Steel sees bottom line jump fourfold in the first half of the year","author":"enterpriseam admin","date":"11 September 2024","format":false,"excerpt":"The company also responded to the EU\u2019s anti-dumping probe","rel":"","context":"In "EARNINGS WATCH"","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\/7\/815.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596779,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/08\/ezz-steel-reports-consolidated-loss-of-egp-1-28-bn-in-1q2019\/","url_meta":{"origin":558446,"position":4},"title":"Ezz Steel reports consolidated loss of EGP 1.28 bn in 1Q2019","author":"enterpriseam admin","date":"8 July 2019","format":false,"excerpt":"EARNINGS WATCH- Ezz Steel has reported a consolidated net loss of EGP 1.28 bn in 1Q2019, compared to a EGP 184 mn profit during the same period the previous year, according to the company\u2019s financial statement (pdf). 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