{"id":598087,"date":"2019-05-14T03:31:39","date_gmt":"2019-05-14T03:31:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/earnings-watch-oriental-weavers-sarwa-capital\/"},"modified":"2019-05-14T03:31:39","modified_gmt":"2019-05-14T03:31:39","slug":"earnings-watch-oriental-weavers-sarwa-capital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/earnings-watch-oriental-weavers-sarwa-capital\/","title":{"rendered":"Earnings Watch: Oriental Weavers, Sarwa Capital"},"content":{"rendered":"

EARNINGS WATCH- Sarwa Capital\u2019s net income after tax rose 130% to EGP 120 mn in 1Q2019<\/b>, up from EGP 52 mn during the same period last year, the company said in a statement (pdf)<\/a>. \u201cWe are pleased to announce our record quarterly profits amidst an eventful period full of developments for the business,\u201d the structured and consumer finance firm said. \u201cLooking ahead, while the expected volatility persists in our underlying asset markets, a series of new investments and partnerships are building substantial momentum as they come into effect over the coming period across our business lines, further boosting our capacity, distribution, and product roll out,\u201d Sarwa added.<\/p>\n

Oriental Weavers posted a 1Q net profit of EGP 220 mn, a 7.8% increase<\/b> from the same period in 2018, the company said in a statement (pdf)<\/a>. Revenues rose 3.8% y-o-y to EGP 2.6 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Sarwa Capital\u2019s net income after tax rose 130% to EGP 120 mn in 1Q2019, up from EGP 52 mn during the same period last year, the company said in a statement (pdf). \u201cWe are pleased to announce our record quarterly profits amidst an eventful period full of developments for the business,\u201d the structured […]<\/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":[933,302,72,1202,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598087","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-contact-financial","tag-earnings","tag-enterpriseam","tag-oriental-weavers","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1ec22c7c-5f12-4925-89fc-423d412118a4","is_powered_by":true,"section_story_id":"2d7832a7-3a74-4785-8947-95b033022af3","story_type":"1","photo_url":"","photo_position":"above","related_issue":[598076],"teaser":"","voice_url":""},"yoast_head":"\nEarnings Watch: Oriental Weavers, Sarwa Capital - 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Revenues fell 2.6% to EGP 10.1 bn during the period, down from\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":592921,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/earnings-watch-elsewedy-electric-oriental-weavers-domty\/","url_meta":{"origin":598087,"position":1},"title":"Earnings watch: Elsewedy Electric, Oriental Weavers, Domty","author":"enterpriseam admin","date":"12 November 2019","format":false,"excerpt":"EARNINGS WATCH- Elsewedy Electric\u2019s net profit dropped 22.2% to EGP 2.7 bn in 9M2019, down from EGP 3.5 bn during the same period last year, the company said in its earnings release (pdf). 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GB Auto CEO Raouf Ghabbour said that while the market was paralyzed during January and February, \u201cMarch gave\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":595731,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/05\/sarwa-capitals-net-income-rises-24-to-egp-183-mn\/","url_meta":{"origin":598087,"position":3},"title":"Sarwa Capital\u2019s net income rises 24% to EGP 183 mn","author":"enterpriseam admin","date":"5 August 2019","format":false,"excerpt":"EARNINGS WATCH- Sarwa Capital profits rise 24% in 1H2019: Sarwa Capital posted a net profit of EGP 183 mn in 1H2019, a 24% increase from EGP 148 mn during the same period last year, the company said in a statement (pdf). \u201cWe are pleased to announce our interim results for\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":601546,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/04\/earnings-watch-emaar-mm-group-gth-oriental-weavers\/","url_meta":{"origin":598087,"position":4},"title":"Earnings watch: Emaar, MM Group, GTH, Oriental Weavers","author":"enterpriseam admin","date":"4 March 2019","format":false,"excerpt":"EARNINGS WATCH- Global Telecom Holding returned to profit in 4Q2018, reporting a net profit of USD 98 mn compared to a loss of USD 136 mn during the comparable period a year earlier, the company said in a statement on its website (pdf). 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