{"id":589977,"date":"2023-07-11T00:00:00","date_gmt":"2023-07-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/11\/earnings-watch-qnb-alahli\/"},"modified":"2023-07-11T00:00:00","modified_gmt":"2023-07-11T00:00:00","slug":"earnings-watch-qnb-alahli","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/11\/earnings-watch-qnb-alahli\/","title":{"rendered":"Earnings watch: QNB Alahli"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EARNINGS WATCH-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">QNB Alahli\u2019s net income rose 82% y-o-y to EGP 8.67 bn in 1H 2023<\/span><span style=\"\">, according to the bank\u2019s<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/7\/410.pdf\" style=\"\">financials<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/7\/410.pdf\" style=\"\">(pdf)<\/a><\/span><span style=\"font-weight:400;\">. Net interest income registered a 56% y-o-y to EGP 13.9 bn during the same period.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The EGX30 rose<\/span><span style=\"font-weight:700\"> 1.1% at today\u2019s close<\/span><span style=\"font-weight:400;\"> on turnover of EGP 1.98 bn. Regional investors were net buyers. The index is up 17.5% YTD.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">In the green: <\/span><span style=\"font-weight:400;\">Ezz Steel (+5.5%), Heliopolis Housing (+4.1%) and EFG Holding (+3.6%).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">In the red: <\/span><span>Eastern Company (-2.7%), Ibnsina Pharma (-1.8%) and Orascom Construction (-1.6%).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EARNINGS WATCH- QNB Alahli\u2019s net income rose 82% y-o-y to EGP 8.67 bn in 1H 2023, according to the bank\u2019sfinancials(pdf). Net interest income registered a 56% y-o-y to EGP 13.9 bn during the same period. The EGX30 rose 1.1% at today\u2019s close on turnover of EGP 1.98 bn. Regional investors were net buyers. The index [&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":[7219],"tags":[409,68,633,642,625],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-589977","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-earnings-watch","tag-egx","tag-enterprisepm","tag-go-with-the-flow","tag-qnb-alahli","wpautop","entry"],"acf":{"mongo_id":"bc95b749-9756-412d-bb80-38d8d54cc766","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[589963],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.fde3f66f-e192-43ec-9697-76fb501fd734.mp3"},"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: QNB Alahli - 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\/07\/11\/earnings-watch-qnb-alahli\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: QNB Alahli\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- QNB Alahli\u2019s net income rose 82% y-o-y to EGP 8.67 bn in 1H 2023, according to the bank\u2019sfinancials(pdf). Net interest income registered a 56% y-o-y to EGP 13.9 bn during the same period. The EGX30 rose 1.1% at today\u2019s close on turnover of EGP 1.98 bn. Regional investors were net buyers. 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Net interest income rose 36.9% y-o-y to 44 bn in FY2022 from EGP 32.13 bn in FY2021. MARKET ROUNDUP-The EGX30 rose 0.1% at today\u2019s close on turnover of EGP 1.75\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":[]},{"id":563661,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/12\/qnb-alahli-net-income-up-8-in-2q2021\/","url_meta":{"origin":589977,"position":1},"title":"QNB Alahli net income up 8% in 2Q2021","author":"enterpriseam admin","date":"12 July 2021","format":false,"excerpt":"QNB Alahli\u2019s bottom line rose 8% to EGP 2.13 bn in 2Q2021, compared to EGP 1.97 bn in 2Q2020, the bank said in its quarterly financials (pdf). Interest income rose slightly to EGP 7.78 bn in 2Q2021 from EGP 7.57 bn in 2Q2020.","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":543162,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/12\/qnb-alahlis-bottomline-rose-1-8-y-o-y-in-fy2021\/","url_meta":{"origin":589977,"position":2},"title":"QNB AlAhli\u2019s bottomline rose 1.8% y-o-y in FY2021","author":"enterpriseam admin","date":"12 January 2022","format":false,"excerpt":"EARNINGS WATCH- QNB AlAhli\u2019s bottomline rose 1.8% y-o-y to EGP 7.6 bn in FY2021, according to the bank\u2019s consolidated earnings (pdf). This came on the back of a 5.6% y-o-y increase in revenues to EGP 17.4 bn.MARKET ROUNDUP-The EGX30 rose 0.5% at today\u2019s close on turnover of EGP 937 mn\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":[]},{"id":602987,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/11\/egyptian-resorts-company-qnb-al-ahli-report-results\/","url_meta":{"origin":589977,"position":3},"title":"Egyptian Resorts Company, QNB Al Ahli report results","author":"enterpriseam admin","date":"11 April 2019","format":false,"excerpt":"EARNINGS WATCH- Egyptian Resorts Company (ERC) posted a net loss of EGP 75.2 mn in 2018, down from a net profit of EGP 69.5 mn during 2017, according to the company\u2019s earnings release (pdf), as pushed ahead with a pivot in from land sales to residential and commercial real estate\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":632009,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/09\/concrete-fashion-group-goldentex-qnb-report-quarterly-earnings\/","url_meta":{"origin":589977,"position":4},"title":"Concrete Fashion Group, GoldenTex, QNB report quarterly earnings","author":"enterpriseam admin","date":"9 July 2024","format":false,"excerpt":"CFG\u2019s growth during the quarter was driven by stronger operating profitability and declining financing costs","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\/2024\/7\/603.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575331,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/12\/earnings-watch-egypt-aluminum-plunges-into-the-red-in-fy2019-20-qnb-alahli-reports-20-drop-in-3q2020-net-profits\/","url_meta":{"origin":589977,"position":5},"title":"Earnings watch: Egypt Aluminum plunges into the red in FY2019-20, QNB AlAhli reports 20% drop in 3Q2020 net profits","author":"enterpriseam admin","date":"12 October 2020","format":false,"excerpt":"EARNINGS WATCH- Egypt Aluminum recorded EGP 1.67 bn of losses in FY2019-20, a year after turning a EGP 571 mn profit, the company said in an EGX filing, citing increased production costs, the appreciation of the EGP, and the global price on the London Metal Exchange. 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