{"id":625744,"date":"2018-08-14T04:27:23","date_gmt":"2018-08-14T04:27:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/earnings-watch-ibnsina-pharma-acc-te-report-1h2018-results\/"},"modified":"2018-08-14T04:27:23","modified_gmt":"2018-08-14T04:27:23","slug":"earnings-watch-ibnsina-pharma-acc-te-report-1h2018-results","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/14\/earnings-watch-ibnsina-pharma-acc-te-report-1h2018-results\/","title":{"rendered":"Earnings Watch: Ibnsina Pharma, ACC, TE report 1H2018 results"},"content":{"rendered":"

<\/a> EARNINGS WATCH- Ibnsina Pharma reported a 40.1% y-o-y increase in net profit to EGP 75.2 mn in 1H2018, <\/strong>according to the company\u2019s earnings release (pdf)<\/a>. Revenues grew 46% y-o-y during the six month period, coming in at nearly EGP 6 bn, \u201cdriven by double-digit expansion across all business lines,\u201d according to Co-CEO Mahmoud Abdel Gawad. The growth in 1H2018 proves that Ibnsina\u2019s \u201cthree-pronged strategy of strengthening our core business, pursuing value-based differentiation, and diversifying our streams of revenue has begun to yield concrete results,\u201d Co-CEO Omar Abdel Gawad said. \u201cIbnsina\u2019s solid pharma distribution business is supported by a healthy and growing healthcare market that is one of Egypt\u2019s most defensive sectors, with continued room for growth.\u201d<\/p>\n

The company expects to sustain its strong performance through to the end of the year, <\/strong>especially as it moves ahead with plans to expand its cosmetics business with the inauguration of new warehouses around the country and inaugurate new cosmetics warehouses across the country and \u201cexpanding our portfolio and purchases of cosmetics product, while allocating more resources to this new venture to better serve our clients\u2019 needs,\u201d Mahmoud said.<\/p>\n

Arabian Cement Company also reported results for 1H2018 yesterday posting a net profit after tax of EGP 212.8 mn,<\/strong> compared to EGP 71.7 mn in the same period last year, according to the company\u2019s consolidated financial statement (pdf)<\/a>. Revenues for the period reached EGP 1.6 bn, up from EGP 1.2 bn in 1H2017.<\/p>\n

Telecom Egypt reported (pdf)<\/strong><\/a> an 18% y-o-y drop in net profit after tax in 1H2018 to EGP 2.1 bn<\/strong>, down from EGP 2.5 bn during the same period last year. Consolidated revenues recorded EGP 10.1 bn, marking a 16% y-o-y increase.<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Ibnsina Pharma reported a 40.1% y-o-y increase in net profit to EGP 75.2 mn in 1H2018, according to the company\u2019s earnings release (pdf). Revenues grew 46% y-o-y during the six month period, coming in at nearly EGP 6 bn, \u201cdriven by double-digit expansion across all business lines,\u201d according to Co-CEO Mahmoud Abdel Gawad. […]<\/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-625744","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"956e0870-903e-4dd9-a935-45b171aba345","order":"0","is_powered_by":true,"section_story_id":"c24bab75-7fb3-4b89-aab1-4416b4bfe4ca","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625732],"teaser":"","voice_url":""},"yoast_head":"\nEarnings Watch: Ibnsina Pharma, ACC, TE 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\/14\/earnings-watch-ibnsina-pharma-acc-te-report-1h2018-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings Watch: Ibnsina Pharma, ACC, TE report 1H2018 results\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Ibnsina Pharma reported a 40.1% y-o-y increase in net profit to EGP 75.2 mn in 1H2018, according to the company\u2019s earnings release (pdf). 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Revenues rose 24% y-o-y to EGP 3.9 bn. The company\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":628836,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/15\/earnings-watch-efg-hermes-ibnsina-pharma-oriental-weavers-arabian-cement-global-telecom-faisal-islamic-bank-report-1q2018-results\/","url_meta":{"origin":625744,"position":1},"title":"Earnings Watch: EFG Hermes, Ibnsina Pharma, Oriental Weavers, Arabian Cement, Global Telecom, Faisal Islamic Bank report 1Q2018 results","author":"enterpriseam admin","date":"15 May 2018","format":false,"excerpt":"EARNINGS WATCH- EFG Hermes reported a net profit after tax and minority interest of EGP 249 mn in 1Q2018, marking a 6% y-o-y increase \u201cwhen adjusting for one-off gains related to the sale of our stake in Lebanese bank Credit Libanais in the comparable period last year.\u201d Revenues also increased\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":621556,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/12\/egypts-ibnsina-pharma-sarwa-capital-report-results\/","url_meta":{"origin":625744,"position":2},"title":"Egypt\u2019s Ibnsina Pharma, Sarwa Capital report results","author":"enterpriseam admin","date":"12 November 2018","format":false,"excerpt":"EARNINGS WATCH- Ibnsina Pharma reported a 26.6% y-o-y increase in net profit to EGP 113.2 mn in 3Q2018, according to the company\u2019s earnings release (pdf). Revenues grew 31.9% y-o-y during the quarter, coming in at nearly EGP 3.5 bn, with growth being driven by client pharmacies, the company said. \u201cManagement\u2019s\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":573721,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/prime-holding-reports-egp-18-mn-loss-arabian-cement-reports-egp-5-64-loss-for-1h2020-ibnsina-pharma-reports-16-growth-in-revenues\/","url_meta":{"origin":625744,"position":3},"title":"Prime Holding reports EGP 18 mn loss, Arabian Cement reports EGP 5.64 loss for 1H2020, Ibnsina Pharma reports 16% growth in revenues","author":"enterpriseam admin","date":"16 August 2020","format":false,"excerpt":"EARNINGS WATCH- Ibnsina Pharma\u2019s net profits dipped 36.8% y-o-y to EGP 38.7 mn in 2Q2020, from EGP 62.2 mn in 2Q2019, according to the company\u2019s earnings release (pdf). Ibnsina reported EGP 4.4 bn in revenues during the quarter, up 16% y-o-y from EGP 3.82 bn. In the first half of\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":569468,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/25\/ibnsina-registers-profits-of-egp-328-7-bn-in-2019\/","url_meta":{"origin":625744,"position":4},"title":"Ibnsina registers profits of EGP 328.7 bn in 2019","author":"enterpriseam admin","date":"25 February 2020","format":false,"excerpt":"EARNINGS WATCH- Ibnsina Pharma posted annual net profits of EGP 328.77 bn in 2019, a 25.24% y-o-y increase from the same period in 2018, according to a regulatory filing (pdf). The profit increase was driven by revenues rising 24.6% y-o-y to reach EGP 16.6 bn during the year. The company\u2019\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":622467,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/02\/ibnsina-pharmas-omar-abdel-gawad-is-at-his-desk-today\/","url_meta":{"origin":625744,"position":5},"title":"Ibnsina Pharma\u2019s Omar Abdel Gawad is at his desk today","author":"enterpriseam admin","date":"2 October 2018","format":false,"excerpt":"Much ado about nothing: Ibnsina Pharma co-CEO Omar Abdel Gawad is at his desk today. That\u2019s the take-home message from the EGX-listed pharma distributor after news reports yesterday reporting that a senior manager of Ibnsina Pharma had been detained in connection with an ongoing antitrust case before the Cairo Economic\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\/625744","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=625744"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625744\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625732"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625744"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625744"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}