{"id":583561,"date":"2023-03-12T00:00:00","date_gmt":"2023-03-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/12\/earnings-watch-ci-capital-raya-holding\/"},"modified":"2023-03-12T00:00:00","modified_gmt":"2023-03-12T00:00:00","slug":"earnings-watch-ci-capital-raya-holding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/12\/earnings-watch-ci-capital-raya-holding\/","title":{"rendered":"Earnings watch: CI Capital + Raya Holding"},"content":{"rendered":"

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

CI Capital reported EGP 796 mn in net income after tax and minority interest in 2022<\/span>,<\/span> rising 17% y-o-y. the company said in an <\/span>earnings release (<\/a><\/span>pdf<\/a><\/span>)<\/a><\/span>.<\/span> The group saw record revenues of EGP 3.9 bn during the year, up 9% y-o-y on a non-adjusted basis and up 37% y-o-y after normalizing for one-offs in 2021. The group\u2019s investment bank \u201chad another solid year having advised on multiple high-profile transactions across the ECM, DCM, and M&A space,\u201d <\/span>with investment banking revenues coming in at EGP 85 mn during the year.<\/span><\/p>\n

Raya Holding\u2019s net income dropped 22.6% y-o-y in 2022 to EGP 419 mn<\/span>, according to the<\/span> company\u2019s <\/span>financial statements (pdf<\/a><\/span>)<\/a><\/span>.<\/span> Revenues were up 21.1% y-o-y during the year to post EGP 20.4 bn. <\/span><\/p>\n

<\/p>\n

\n

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

The EGX30 fell 3.1% at today\u2019s close<\/span> on turnover of EGP 1.8 bn (11% above the 90-day<\/span> average). Local investors were net buyers. The index is up 9.2% YTD.<\/span><\/p>\n

In the green: <\/span>Egypt Kuwait Holding<\/span> (+0.7%).<\/span><\/p>\n

In the red: <\/span>e-Finance<\/span> (-7.8%), GB Auto (-7.7%) and Ezz Steel (-7.3%).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- CI Capital reported EGP 796 mn in net income after tax and minority interest in 2022, rising 17% y-o-y. the company said in an earnings release (pdf). The group saw record revenues of EGP 3.9 bn during the year, up 9% y-o-y on a non-adjusted basis and up 37% y-o-y after normalizing for […]<\/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":[136,68,633,642,614],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-583561","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-ci-capital","tag-egx","tag-enterprisepm","tag-go-with-the-flow","tag-raya-holding","wpautop","entry"],"acf":{"mongo_id":"bb2cd618-fe1d-4141-941f-beacfc818d96","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[583545],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.03a2997d-40ca-48d5-875d-a9b782ade89b.mp3"},"yoast_head":"\nEarnings watch: CI Capital + Raya Holding - 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\/2023\/03\/12\/earnings-watch-ci-capital-raya-holding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: CI Capital + Raya Holding\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- CI Capital reported EGP 796 mn in net income after tax and minority interest in 2022, rising 17% y-o-y. the company said in an earnings release (pdf). The group saw record revenues of EGP 3.9 bn during the year, up 9% y-o-y on a non-adjusted basis and up 37% y-o-y after normalizing for […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/12\/earnings-watch-ci-capital-raya-holding\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-12T00:00:00+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/12\/earnings-watch-ci-capital-raya-holding\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/12\/earnings-watch-ci-capital-raya-holding\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Earnings watch: CI Capital + Raya Holding\",\"datePublished\":\"2023-03-12T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/12\/earnings-watch-ci-capital-raya-holding\/\"},\"wordCount\":168,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"CI Capital\",\"EGX\",\"EnterprisePM\",\"Go with the Flow\",\"Raya Holding\"],\"articleSection\":[\"GO WITH THE FLOW\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/12\/earnings-watch-ci-capital-raya-holding\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/12\/earnings-watch-ci-capital-raya-holding\/\",\"name\":\"Earnings watch: CI Capital + Raya Holding - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2023-03-12T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/12\/earnings-watch-ci-capital-raya-holding\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/12\/earnings-watch-ci-capital-raya-holding\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/12\/earnings-watch-ci-capital-raya-holding\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Earnings watch: CI Capital + Raya Holding\"}]},{\"@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: CI Capital + Raya Holding - 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\/2023\/03\/12\/earnings-watch-ci-capital-raya-holding\/","og_locale":"en_US","og_type":"article","og_title":"Earnings watch: CI Capital + Raya Holding","og_description":"EARNINGS WATCH- CI Capital reported EGP 796 mn in net income after tax and minority interest in 2022, rising 17% y-o-y. the company said in an earnings release (pdf). 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Net earnings after tax and minority interest rose to EGP 486 mn,\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\/2022\/11\/302.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":616773,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/11\/ci-capital-ode-raya-holding-report-2023-earnings\/","url_meta":{"origin":583561,"position":1},"title":"CI Capital, ODE, Raya Holding report 2023 earnings","author":"enterpriseam admin","date":"11 March 2024","format":false,"excerpt":"CI Capital saw strong top and bottomline growth driven by solid performances among its NBFS and investment bank","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\/2024\/2\/2426.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":620959,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/29\/phd-ci-capital-raya-holding-gb-corp-report-1q-earnings\/","url_meta":{"origin":583561,"position":2},"title":"PHD, CI Capital, Raya Holding, GB Corp report 1Q earnings","author":"enterpriseam admin","date":"29 May 2024","format":false,"excerpt":"Palm Hills\u2019 sales jumped 377% y-o-y to a record of EGP 32.3 bn","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\/2024\/5\/2339.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597730,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/earnings-watch-ci-capital-juhayna-report-1q19-results\/","url_meta":{"origin":583561,"position":3},"title":"Earnings watch: CI Capital, Juhayna report 1Q19 results","author":"enterpriseam admin","date":"2 May 2019","format":false,"excerpt":"EARNINGS WATCH- CI Capital Holding reported a 41% y-o-y increase in net profit after tax to EGP 115.5 mn in 1Q2019, according to the company\u2019s earnings release (pdf). Revenues for the period came in at EGP 728.6 mn, up 34% y-o-y. Juhayna Food Industries\u2019 net profits dropped 11% y-o-y in\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":565321,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/01\/earnings-watch-arabia-investments-holding-sinai-cement\/","url_meta":{"origin":583561,"position":4},"title":"Earnings Watch: Arabia Investments Holding, Sinai Cement","author":"enterpriseam admin","date":"1 April 2021","format":false,"excerpt":"The EGX30 ended today\u2019s session flat on turnover of EGP 1.0 bn (30.8% below the 90-day average). Local investors were net buyers. The index is down 2.6% YTD.In the green: Heliopolis Housing (+7.7%), Cleopatra Hospital (+4.1%) and Orascom Financial (+3.2%).In the red: Abu Qir Fertilizers (-2.1%), CI Capital (-1.5%) and\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":554772,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/10\/ci-capital-earnings-up-122\/","url_meta":{"origin":583561,"position":5},"title":"CI Capital earnings up 122%","author":"enterpriseam admin","date":"10 November 2021","format":false,"excerpt":"EARNINGS WATCH- CI Capital reported a net income of EGP 241 mn in 3Q2021, up 122% y-o-y, the investment bank said in its earnings release (pdf). Total revenues were also up 36% to EGP 773 mn.MARKET WATCH-The EGX30 fell 0.9% today on turnover of EGP 821.2 mn (45% below 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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/583561","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=583561"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/583561\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/583545"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=583561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=583561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=583561"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=583561"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=583561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}