{"id":579490,"date":"2022-11-02T14:06:34","date_gmt":"2022-11-02T14:06:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/02\/earnings-watch-prime-holdings-reports-widening-losses\/"},"modified":"2022-11-02T14:06:34","modified_gmt":"2022-11-02T14:06:34","slug":"earnings-watch-prime-holdings-reports-widening-losses","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/02\/earnings-watch-prime-holdings-reports-widening-losses\/","title":{"rendered":"Earnings watch: Prime Holdings reports widening losses"},"content":{"rendered":"

EARNINGS WATCH-<\/strong><\/p>\n

Prime Holding\u2019s losses after one-offs and minority interest widened 62% y-o-y in 3Q 2022<\/strong> to EGP<\/strong> 20.9 mn<\/strong>, according to the company\u2019searnings release (pdf)<\/a>. Revenues jumped 6% y-o-y to EGP 27.6 mn.<\/p>\n

\n

MARKET ROUNDUP-<\/strong><\/p>\n

The EGX30 fell 1.7% at today\u2019s close<\/strong> on turnover of EGP 1.27 bn (15.7% above the 90-day average). Foreign investors were net sellers. The index is down 5.9% YTD.<\/p>\n

In the green: <\/strong>Ezz Steel (+3.7%), Alexandria Containers and and Cargo Handling (+2.6%) and Telecom Egypt (+1.2%).<\/p>\n

In the red: <\/strong>Fawry (-4.5%), GB Auto (-4.3%) and Madinet Nasr Housing and Development (-4.1%).<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Prime Holding\u2019s losses after one-offs and minority interest widened 62% y-o-y in 3Q 2022 to EGP 20.9 mn, according to the company\u2019searnings release (pdf). Revenues jumped 6% y-o-y to EGP 27.6 mn. MARKET ROUNDUP- The EGX30 fell 1.7% at today\u2019s close on turnover of EGP 1.27 bn (15.7% above the 90-day average). Foreign […]<\/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":[409,633,642,976],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-579490","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-earnings-watch","tag-enterprisepm","tag-go-with-the-flow","tag-prime-holding","wpautop","entry"],"acf":{"mongo_id":"e47416e3-6546-482e-8a62-b7804e69766d","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[579478],"teaser":"","voice_url":""},"yoast_head":"\nEarnings watch: Prime Holdings reports widening losses - 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\/02\/earnings-watch-prime-holdings-reports-widening-losses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: Prime Holdings reports widening losses\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Prime Holding\u2019s losses after one-offs and minority interest widened 62% y-o-y in 3Q 2022 to EGP 20.9 mn, according to the company\u2019searnings release (pdf). 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