{"id":576957,"date":"2022-11-03T04:00:03","date_gmt":"2022-11-03T04:00:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/macro-group-earnings-rise-19-y-o-y-in-the-first-nine-months-of-2022\/"},"modified":"2022-11-03T04:00:03","modified_gmt":"2022-11-03T04:00:03","slug":"macro-group-earnings-rise-19-y-o-y-in-the-first-nine-months-of-2022","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/03\/macro-group-earnings-rise-19-y-o-y-in-the-first-nine-months-of-2022\/","title":{"rendered":"Macro Group earnings rise 19% y-o-y in the first nine months of 2022"},"content":{"rendered":"

Macro Group\u2019s net income is up 19% in 9M 2022<\/strong> when adjusted for IPO an ESOP expenses, the cosmeceuticals firm said in its earnings release (pdf)<\/a> out yesterday. Revenues are up 25% year-to-date at EGP 520 mn. Revenue growth was underpinned more by price hikes \u2014 which rose by 19% on average \u2014 than higher sales volumes, which increased marginally during the nine-month period. The company launched 19 new products between January and September, including nine in the third quarter.<\/p>\n

Looking ahead: \u201c<\/strong>Going forward, we will continue to create value through innovative new launches, while capitalizing on the inherent advantage of our product portfolio over imported substitutes amid current market conditions,\u201d Chairman Ahmed El Nayeb said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Macro Group\u2019s net income is up 19% in 9M 2022 when adjusted for IPO an ESOP expenses, the cosmeceuticals firm said in its earnings release (pdf) out yesterday. Revenues are up 25% year-to-date at EGP 520 mn. Revenue growth was underpinned more by price hikes \u2014 which rose by 19% on average \u2014 than higher […]<\/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":[7208],"tags":[302,409,72,77],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-576957","post","type-post","status-publish","format-standard","hentry","category-earnings-watch","tag-earnings","tag-earnings-watch","tag-enterpriseam","tag-macro-group","wpautop","entry"],"acf":{"mongo_id":"8f56c928-8da5-4f7c-b712-b66a648184a8","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[576940],"teaser":"","voice_url":""},"yoast_head":"\nMacro Group earnings rise 19% y-o-y in the first nine months of 2022 - 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\/11\/03\/macro-group-earnings-rise-19-y-o-y-in-the-first-nine-months-of-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macro Group earnings rise 19% y-o-y in the first nine months of 2022\" \/>\n<meta property=\"og:description\" content=\"Macro Group\u2019s net income is up 19% in 9M 2022 when adjusted for IPO an ESOP expenses, the cosmeceuticals firm said in its earnings release (pdf) out yesterday. 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Revenues jumped 47% y-o-y to EGP 170.2 mn in the April-June period. The results marked a \u201cstrong performance amidst what has been a challenging period, both\u2026","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":582247,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/05\/phd-macro-group-report-strong-2022-results\/","url_meta":{"origin":576957,"position":3},"title":"PHD, Macro Group report strong 2022 results","author":"enterpriseam admin","date":"5 March 2023","format":false,"excerpt":"We\u2019re pushing deeper into 2022 earnings season this morning, with Palm Hills Developments reporting record high net income, revenues, sales in 2022 and Macro turning in double-digit top- and bottom-line growth despite the challenges of the past 12 months. 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