{"id":564771,"date":"2021-02-25T13:49:35","date_gmt":"2021-02-25T13:49:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/25\/go-with-the-flow-on-25-february\/"},"modified":"2021-02-25T13:49:35","modified_gmt":"2021-02-25T13:49:35","slug":"go-with-the-flow-on-25-february","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/25\/go-with-the-flow-on-25-february\/","title":{"rendered":"Go with the flow on 25 February"},"content":{"rendered":"

The EGX30 rose 1.6% at today\u2019s close<\/strong> on turnover of EGP 1.83 bn (20.7% above the 90-day average). Local investors were net buyers. The index is up 7.12% YTD.<\/p>\n

In the green: <\/strong>Orascom Development Holding (+8.8%), Orascom Investment Holding (+3.4%) and Cleopatra Hospital (+3.3%).<\/p>\n

In the red: <\/strong>MM Group (-1.6%) and El Sewedy Electric (-0.3%).<\/p>\n

EARNINGS WATCH-<\/strong> The Egyptian International Pharmaceutical Industries\u2019 (EIPICO) net profits fell 27% in 2020<\/strong> to EGP 486.5 mn, compared to EGP 670.6 mn the previous year, the company said in a financial release (pdf)<\/a>.<\/p>\n

The Egyptian Financial & Industrial Company (EFIC) saw a y-o-y dip in net profits worth 37.6% in 2020<\/strong>, falling to EGP 126.9 mn compared to EGP 203.6 mn in 2019, the company said in an earnings release (pdf)<\/a>.<\/p>\n

Mansoura Poultry\u2019s net profits increased over 6000% in 2020 to EGP 20.2 mn<\/strong>, compared to EGP 326k in 2019, the company said in an earnings statement (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The EGX30 rose 1.6% at today\u2019s close on turnover of EGP 1.83 bn (20.7% above the 90-day average). Local investors were net buyers. The index is up 7.12% YTD. In the green: Orascom Development Holding (+8.8%), Orascom Investment Holding (+3.4%) and Cleopatra Hospital (+3.3%). In the red: MM Group (-1.6%) and El Sewedy Electric (-0.3%). […]<\/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":[409,487,633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-564771","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-earnings-watch","tag-eipico","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"0531a845-7c86-4ff3-b96f-2c67baea6d50","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[564763],"teaser":"","voice_url":""},"yoast_head":"\nGo with the flow on 25 February - 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\/02\/25\/go-with-the-flow-on-25-february\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Go with the flow on 25 February\" \/>\n<meta property=\"og:description\" content=\"The EGX30 rose 1.6% at today\u2019s close on turnover of EGP 1.83 bn (20.7% above the 90-day average). 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Revenues saw a 24.5% annual drop for the year to record EGP 135.82 mn.Oriental Weavers reported a net income of\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":598175,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/16\/earnings-watch-adib-acc-b-investments-raya-naeem-hhd-eastern-obourland-eipico\/","url_meta":{"origin":564771,"position":2},"title":"Earnings watch: ADIB, ACC, B Investments, Raya, Naeem, HHD, Eastern, Obourland, EIPICO","author":"enterpriseam admin","date":"16 May 2019","format":false,"excerpt":"EARNINGS WATCH- B Investments posted a net profit of EGP 35.48 mn in 1Q2019, up 5.5% y-o-y from EGP 33.53 mn in the comparable quarter last year, the company said (pdf). The rise in profits was fueled by an 18% increase in revenues to EGP 50.25 mn during the quarter\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":557935,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/13\/oih-sees-net-losses-of-egp-35-5-mn-in-2q2021\/","url_meta":{"origin":564771,"position":3},"title":"OIH sees net losses of EGP 35.5 mn in 2Q2021","author":"enterpriseam admin","date":"13 September 2021","format":false,"excerpt":"EARNINGS WATCH- Orascom Investment Holding (OIH) incurred net losses of EGP 35.5 mn in 2Q2021, compared to losses of EGP 49.9 mn during the same quarter last year, according to their financial statements (pdf). Revenues rose to EGP 220.7 mn in 2Q2021, compared to EGP 177.3 mn in 2Q2020. 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