{"id":565849,"date":"2021-05-09T13:44:18","date_gmt":"2021-05-09T13:44:18","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/09\/earnings-watch-nbk-egypt\/"},"modified":"2021-05-09T13:44:18","modified_gmt":"2021-05-09T13:44:18","slug":"earnings-watch-nbk-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/09\/earnings-watch-nbk-egypt\/","title":{"rendered":"Earnings Watch: NBK Egypt"},"content":{"rendered":"

NBK Egypt recorded net income of EGP 404.1 mn in 1Q2021<\/strong>, up from EGP 402.8 mn in the same period last year, according to the bank\u2019s quarterly financial statement (pdf)<\/a> released this morning. This came despite revenue falling 10% to EGP 797.5 mn from EGP 882.5 mn last year.<\/p>\n

\n

The EGX30 rose 0.5% at today\u2019s close<\/strong> on turnover of EGP 776 mn (38% below the 90-day average). Foreign investors were net sellers. The index is down 1.9% YTD.<\/p>\n

In the green: <\/strong>Oriental Weavers (+4.4%), Ibnsina Pharma (+2.9%) and ElSewedy Electric (+2.6%).<\/p>\n

In the red: <\/strong>Cleopatra Hospital (-2.0%), Orascom Investment (-1.8%) and GB Auto (-1.8%).<\/p>\n","protected":false},"excerpt":{"rendered":"

NBK Egypt recorded net income of EGP 404.1 mn in 1Q2021, up from EGP 402.8 mn in the same period last year, according to the bank\u2019s quarterly financial statement (pdf) released this morning. This came despite revenue falling 10% to EGP 797.5 mn from EGP 882.5 mn last year. The EGX30 rose 0.5% at today\u2019s […]<\/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":[68,633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565849","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-egx","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"c007c525-0108-49e2-b489-8c0299561520","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[565839],"teaser":"","voice_url":""},"yoast_head":"\nEarnings Watch: NBK Egypt - 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\/05\/09\/earnings-watch-nbk-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings Watch: NBK Egypt\" \/>\n<meta property=\"og:description\" content=\"NBK Egypt recorded net income of EGP 404.1 mn in 1Q2021, up from EGP 402.8 mn in the same period last year, according to the bank\u2019s quarterly financial statement (pdf) released this morning. 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The company\u2019s revenues reached EGP 95.9\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":625457,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/nbk-egypt-reports-36-y-o-y-increase-in-net-profits-to-egp-988-8-mn\/","url_meta":{"origin":565849,"position":1},"title":"NBK-Egypt reports 36% y-o-y increase in net profits to EGP 988.8 mn","author":"enterpriseam admin","date":"6 August 2018","format":false,"excerpt":"EARNINGS WATCH- The National Bank of Kuwait-Egypt reported a 36% y-o-y increase in 1H2018 net profit to EGP 988.8 mn, up from EGP 726.7 mn in the same period last year, according to an EGX filing (pdf).","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":564132,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/10\/nbk-egypt-a-step-closer-to-delisting-telecom-egypt-making-bank\/","url_meta":{"origin":565849,"position":2},"title":"NBK Egypt a step closer to delisting, Telecom Egypt making bank","author":"enterpriseam admin","date":"10 August 2021","format":false,"excerpt":"NBK Egypt board agrees to EGX delisting: The board of directors at the National Bank of Kuwait (Egypt) has agreed to voluntarily delist from the EGX, the bank said in a statement (pdf) to the EGX this morning. Prime Capital has been appointed as a financial advisor to value the\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":554577,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/19\/nbk-egypt-board-approves-egx-delisting\/","url_meta":{"origin":565849,"position":3},"title":"NBK Egypt board approves EGX delisting","author":"enterpriseam admin","date":"19 December 2021","format":false,"excerpt":"MARKET NEWS- NBK Egypt\u2019s board has approved plans to voluntarily delist its shares from the EGX, according to a bourse disclosure (pdf). Financial advisor Prime Capital valued the shares at EGP 20.03 and the bank will buy back shares from shareholders who want to sell their stakes. MARKET ROUNDUP-The EGX30\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":632984,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/25\/earnings-watch-nbk-egypt-gth\/","url_meta":{"origin":565849,"position":4},"title":"Earnings watch: NBK Egypt, GTH","author":"enterpriseam admin","date":"25 February 2018","format":false,"excerpt":"EARNINGS WATCH- The National Bank of Kuwait Egypt reported a 77.07% y-o-y jump in net profit to EGP 1.5 bn in FY2017, according to the company\u2019s earnings release (pdf).EARNINGS WATCH- Global Telecom Holding (GTH) reported a net loss attributable to shareholders of USD 133 mn in 4Q2017, down from a\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":569031,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/11\/juhayna-profits-fall-19-in-2019\/","url_meta":{"origin":565849,"position":5},"title":"Juhayna profits fall 19% in 2019","author":"enterpriseam admin","date":"11 February 2020","format":false,"excerpt":"EARNINGS WATCH- Juhayna profits fall 19% in 2019: Juhayna Food Industries\u2019 profits fell 19% last year despite the company seeing a bump in revenue, according to the company\u2019s earnings statement (pdf). 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