{"id":573561,"date":"2020-08-10T04:09:41","date_gmt":"2020-08-10T04:09:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/earnings-watch-emaar-misr-turns-a-profit-in-2q2020\/"},"modified":"2020-08-10T04:09:41","modified_gmt":"2020-08-10T04:09:41","slug":"earnings-watch-emaar-misr-turns-a-profit-in-2q2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/earnings-watch-emaar-misr-turns-a-profit-in-2q2020\/","title":{"rendered":"Earnings watch: Emaar Misr turns a profit in 2Q2020"},"content":{"rendered":"<p><strong>EARNINGS WATCH- Emaar Misr recorded a net profit of EGP 366 mn 2Q2020<\/strong>, up from a net loss of EGP 324 mn in the same period last year, according to the company\u2019s quarterly <a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%D8%A7%D8%B9%D9%85%D8%A7%D8%B1%20%D9%82%D9%88%D8%A7%D8%A6%D9%85%20%D9%85%D8%AC%D9%85%D8%B9%D8%A9-09-08-2020.pdf\">financial statements (pdf)<\/a>. This came despite revenue falling 13% to EGP 771 mn during the quarter. Net profit for 1H2020 surged to EGP 582 mn from EGP 94.3 mn in the same period last year, despite revenues dropping to EGP 1 bn from EGP 1.46 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EARNINGS WATCH- Emaar Misr recorded a net profit of EGP 366 mn 2Q2020, up from a net loss of EGP 324 mn in the same period last year, according to the company\u2019s quarterly financial statements (pdf). This came despite revenue falling 13% to EGP 771 mn during the quarter. Net profit for 1H2020 surged to [&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":[8572],"tags":[302,1527,72,3399,5654,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-573561","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-earnings","tag-emaar-misr","tag-enterpriseam","tag-marassi","tag-mivida","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"cdbb811a-4f4b-41f2-a813-3c63d7fc1464","is_powered_by":true,"section_story_id":"55afc922-0f20-4098-8c1f-79eb6f738cb4","story_type":"1","photo_url":"","photo_position":"above","related_issue":[573546],"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: Emaar Misr turns a profit in 2Q2020 - 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\/2020\/08\/10\/earnings-watch-emaar-misr-turns-a-profit-in-2q2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: Emaar Misr turns a profit in 2Q2020\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Emaar Misr recorded a net profit of EGP 366 mn 2Q2020, up from a net loss of EGP 324 mn in the same period last year, according to the company\u2019s quarterly financial statements (pdf). This came despite revenue falling 13% to EGP 771 mn during the quarter. Net profit for 1H2020 surged to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/earnings-watch-emaar-misr-turns-a-profit-in-2q2020\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-10T04:09:41+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/earnings-watch-emaar-misr-turns-a-profit-in-2q2020\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/earnings-watch-emaar-misr-turns-a-profit-in-2q2020\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Earnings watch: Emaar Misr turns a profit in 2Q2020\",\"datePublished\":\"2020-08-10T04:09:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/earnings-watch-emaar-misr-turns-a-profit-in-2q2020\/\"},\"wordCount\":81,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"earnings\",\"Emaar Misr\",\"EnterpriseAM\",\"Marassi\",\"Mivida\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/earnings-watch-emaar-misr-turns-a-profit-in-2q2020\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/earnings-watch-emaar-misr-turns-a-profit-in-2q2020\/\",\"name\":\"Earnings watch: Emaar Misr turns a profit in 2Q2020 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2020-08-10T04:09:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/earnings-watch-emaar-misr-turns-a-profit-in-2q2020\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/earnings-watch-emaar-misr-turns-a-profit-in-2q2020\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/earnings-watch-emaar-misr-turns-a-profit-in-2q2020\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Earnings watch: Emaar Misr turns a profit in 2Q2020\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Earnings watch: Emaar Misr turns a profit in 2Q2020 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/10\/earnings-watch-emaar-misr-turns-a-profit-in-2q2020\/","og_locale":"en_US","og_type":"article","og_title":"Earnings watch: Emaar Misr turns a profit in 2Q2020","og_description":"EARNINGS WATCH- Emaar Misr recorded a net profit of EGP 366 mn 2Q2020, up from a net loss of EGP 324 mn in the same period last year, according to the company\u2019s quarterly financial statements (pdf). 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This came despite the company\u2019s revenues declining by only 3.4% y-o-y to EGP 890.8 mn from EGP 922.2 mn.\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":558312,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/04\/emaar-misr-net-income-doubles-in-2q2021\/","url_meta":{"origin":573561,"position":1},"title":"Emaar Misr net income doubles in 2Q2021","author":"enterpriseam admin","date":"4 August 2021","format":false,"excerpt":"Emaar Misr\u2019s net income almost doubled in 2Q2021 to EGP 801.1 mn, up from EGP 409 mn in the same period last year, according to the real estate developer\u2019s latest earnings statement (pdf). The hike came as revenues almost tripled to reach EGP 2.24 bn, up from EGP 795.4 mn\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/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":572079,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/10\/earnings-watch-ibnsina-pharma-emaar-misr\/","url_meta":{"origin":573561,"position":2},"title":"Earnings watch: Ibnsina Pharma, Emaar Misr","author":"enterpriseam admin","date":"10 June 2020","format":false,"excerpt":"EARNINGS WATCH- Ibnsina Pharma has reported a 19.8% increase in 1Q2020 net profits to EGP 50.3 mn, from EGP 42 mn in the same period last year, it said in its earnings report (pdf). Revenues for the quarter jumped 19.2% to EGP 4.4 bn from EGP 3.7 bn in 1Q2019.\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":592785,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/06\/earnings-watch-cira-emaar-misr-americana-egypt-report-results\/","url_meta":{"origin":573561,"position":3},"title":"Earnings watch: CIRA, Emaar Misr, Americana Egypt report results","author":"enterpriseam admin","date":"6 November 2019","format":false,"excerpt":"EARNINGS WATCH- Cairo for Real Estate and Investment\u2019s (CIRA) net profit soared 75% y-o-y to EGP 221.1 mn in its fiscal year, which ended on 31 August 2019, according to the company\u2019s earnings release (pdf). Revenues rose 36% y-o-y during the fiscal year, coming in at EGP 704.7 mn. The\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":597830,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/06\/earnings-watch-cib-emaar-misr-report-1q2019-results\/","url_meta":{"origin":573561,"position":4},"title":"Earnings watch: CIB, Emaar Misr report 1Q2019 results","author":"enterpriseam admin","date":"6 May 2019","format":false,"excerpt":"EARNINGS WATCH- Our friends at CIB delivered a 31% y-o-y increase in net income of EGP 2.64 bn in 1Q2019 on revenues of EGP 5.60 bn, which rose 35% y-o-y. CIB recorded a capital adequacy ratio of 21.5% by the end of the quarter, which is above the minimum regulatory\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":564911,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/07\/earnings-watch-alex-medical-emaar-misr-see-net-profit-declines-in-2020\/","url_meta":{"origin":573561,"position":5},"title":"Earnings Watch- Alex Medical, Emaar Misr see net profit declines in 2020","author":"enterpriseam admin","date":"7 March 2021","format":false,"excerpt":"The EGX30 rose 2.0% at today\u2019s close on turnover of EGP 954 mn (35.3% below the 90-day average). Foreign investors were net sellers. The index is up 6.6% YTD.In the green: AMOC (+7.9%), Sidi Kerir (+6.5%) and Orascom Investment (+6.4%).In the red: Edita (-1.2%), Eastern Co. (-0.2%) and EFG-Hermes (-0.1%).EARNINGS\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/573561","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=573561"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/573561\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/573546"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=573561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=573561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=573561"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=573561"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=573561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}