{"id":625644,"date":"2018-08-12T04:14:26","date_gmt":"2018-08-12T04:14:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/"},"modified":"2018-08-12T04:14:26","modified_gmt":"2018-08-12T04:14:26","slug":"erc-obour-land-report-1h2018-results","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/","title":{"rendered":"ERC, Obour Land report 1H2018 results"},"content":{"rendered":"

EARNINGS WATCH- Egyptian Resorts Company (ERC) posted a net loss of EGP 9.3 mn in 1H2018,<\/strong> down from a net profit of EGP 47.5 mn in the comparable period last year, according to the company\u2019s earnings release (pdf)<\/a>. Revenues were 53% lower y-o-y at EGP 63 mn, due to slowed sales activity. Despite that, service revenues increased 30% y-o-y to EGP 39.1 mn. Looking ahead, the company intends to focus on its cost-control policies as well as diversifying its product offerings and investing in new commercial and retail projects to enhance the value of its land bank.<\/p>\n

Cheesemaker Obour Land reported a net profit of EGP 114.38 mn in 1H2018<\/strong>, up from EGP 95.99 mn in the same period last year, according to a bourse filing<\/a>.<\/p>\n

CORRECTION- We goofed on GB Auto\u2019s earnings last week<\/strong> by reporting that its consolidated net profit of EGP 148.1 mn in 2Q2018 was up 52% y-o-y from EGP 33.5 mn. It was actually up 342.0% q-o-q from 1Q2018 from EGP 33.5 mn. The story has since been corrected on our website<\/a> with our sincerest apologies.<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Egyptian Resorts Company (ERC) posted a net loss of EGP 9.3 mn in 1H2018, down from a net profit of EGP 47.5 mn in the comparable period last year, according to the company\u2019s earnings release (pdf). Revenues were 53% lower y-o-y at EGP 63 mn, due to slowed sales activity. Despite that, service […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625644","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"0badb2f0-9c89-4058-bb63-ab2e44a8fa59","order":"0","is_powered_by":true,"section_story_id":"e5de7360-87c7-4892-9598-5ff9b82f0e85","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625634],"teaser":"","voice_url":""},"yoast_head":"\nERC, Obour Land report 1H2018 results - 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\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ERC, Obour Land report 1H2018 results\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Egyptian Resorts Company (ERC) posted a net loss of EGP 9.3 mn in 1H2018, down from a net profit of EGP 47.5 mn in the comparable period last year, according to the company\u2019s earnings release (pdf). Revenues were 53% lower y-o-y at EGP 63 mn, due to slowed sales activity. Despite that, service […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-12T04:14:26+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\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ERC, Obour Land report 1H2018 results\",\"datePublished\":\"2018-08-12T04:14:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/\"},\"wordCount\":176,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/\",\"name\":\"ERC, Obour Land report 1H2018 results - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-08-12T04:14:26+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ERC, Obour Land report 1H2018 results\"}]},{\"@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":"ERC, Obour Land report 1H2018 results - 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\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/","og_locale":"en_US","og_type":"article","og_title":"ERC, Obour Land report 1H2018 results","og_description":"EARNINGS WATCH- Egyptian Resorts Company (ERC) posted a net loss of EGP 9.3 mn in 1H2018, down from a net profit of EGP 47.5 mn in the comparable period last year, according to the company\u2019s earnings release (pdf). Revenues were 53% lower y-o-y at EGP 63 mn, due to slowed sales activity. Despite that, service […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-08-12T04:14:26+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"ERC, Obour Land report 1H2018 results","datePublished":"2018-08-12T04:14:26+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/"},"wordCount":176,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/","name":"ERC, Obour Land report 1H2018 results - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-08-12T04:14:26+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"ERC, Obour Land report 1H2018 results"}]},{"@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\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":596351,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/26\/earnings-watch-obour-land-reports-1h2019-results\/","url_meta":{"origin":625644,"position":0},"title":"Earnings watch: Obour Land reports 1H2019 results","author":"enterpriseam admin","date":"26 August 2019","format":false,"excerpt":"EARNINGS WATCH- Cheesemaker Obour Land recorded net income of EGP 127.3 mn in 1H2019, up 10.49% y-o-y from EGP 115.2 mn during 1H2018, according to its consolidated financial statement (pdf). Revenues for the first half of the year increased to EGP 1.19 bn, up 5.13% y-o-y from 1H2018.","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":573649,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/12\/earnings-watch-at-lease-domty-misr-cement-qena-obour-land\/","url_meta":{"origin":625644,"position":1},"title":"Earnings Watch- AT Lease, Domty, Misr Cement Qena, Obour Land","author":"enterpriseam admin","date":"12 August 2020","format":false,"excerpt":"EARNINGS WATCH- AT Lease reported EGP 35.7 mn in net profits during 1H2020, up 4.6% from EGP 34.14 mn in 1H2019, according to an EGX disclosure (pdf). The company's revenues inched down to EGP 242.5 mn over the course of 1H2020 from reported revenues of EGP 242.7 mn in 1H2019,\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":592696,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/04\/earnings-watch-hhd-profits-rise-42-in-fy2018-2019-obour-land-reports-3q-profits\/","url_meta":{"origin":625644,"position":2},"title":"Earnings watch: HHD profits rise 42% in FY2018-2019, Obour land reports 3Q profits","author":"enterpriseam admin","date":"4 November 2019","format":false,"excerpt":"EARNINGS WATCH- Real estate company Heliopolis Housing\u2019s net profit was up 42% in FY2018-2019 to EGP 376.4 mn from EGP 265.4 mn last year, it said in a statement on the EGX (pdf). The company\u2019s revenues rose to EGP 1.1 bn during the year. Heliopolis is presently looking to sell\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":595632,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/earnings-watch-credit-agricole-eastern-co-ci-capital-mm-group\/","url_meta":{"origin":625644,"position":3},"title":"Earnings watch: Credit Agricole, Eastern Co, CI Capital, MM Group","author":"enterpriseam admin","date":"1 August 2019","format":false,"excerpt":"EARNINGS WATCH- Credit Agricole 1H2019 profits increase 20% y-o-y: Credit Agricole reported a 1H2019 net profit of EGP 1.3 bn, compared to EGP 1.1 bn a year earlier,the lender said in a bourse filing (pdf). Eastern Co turned in a loss in FY2018-2019,reporting a net profit of EGP 3.77 bn,\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":567568,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/earnings-watch-rameda-pharma-obour-land\/","url_meta":{"origin":625644,"position":4},"title":"Earnings watch: Rameda Pharma, Obour Land","author":"enterpriseam admin","date":"27 January 2020","format":false,"excerpt":"EARNINGS WATCH- Rameda pre-tax profits fall 12% in 2019: Rameda Pharma made pre-tax profits of EGP 225 mn in FY2019, down 12% y-o-y from EGP 289 mn the year prior, according to a bourse disclosure (pdf). This is despite the company\u2019s revenues rising 10.5% during the year to hit EGP\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":593764,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/09\/egyptian-e-payments-platform-fawry-reports-1h2019-earnings\/","url_meta":{"origin":625644,"position":5},"title":"Egyptian e-payments platform Fawry reports 1H2019 earnings","author":"enterpriseam admin","date":"9 October 2019","format":false,"excerpt":"EARNINGS WATCH- Fawry reports 7% y-o-y fall in 1H2019 profits: E-payments platform Fawry reported a 7% y-o-y decline in net profit to EGP 23.7 mn in 1H2019, compared to EGP 25.5 mn in 1H2018, according to the company\u2019s maiden earnings release (pdf). Revenues climbed to EGP 373.3 mn during the\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625644","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=625644"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625644\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625634"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625644"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625644"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}