{"id":642427,"date":"2017-08-14T04:09:33","date_gmt":"2017-08-14T04:09:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/earnings-watch-porto-group-arabian-cement-company\/"},"modified":"2017-08-14T04:09:33","modified_gmt":"2017-08-14T04:09:33","slug":"earnings-watch-porto-group-arabian-cement-company","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/14\/earnings-watch-porto-group-arabian-cement-company\/","title":{"rendered":"Earnings watch: Porto Group, Arabian Cement Company"},"content":{"rendered":"<p><strong>EARNINGS<\/strong> <strong>WATCH-<\/strong> <strong>Arabian Cement Company<\/strong> reported a consolidated net profit after tax in 2Q2017 of EGP 12 mn, down from EGP 109 mn in 2Q2016, according to the company\u2019s <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2017\/08\/ACC-1H-2017-Consolidated-Financials-English.pdf\">financial statements<\/a>. Revenues for 2Q2017 fell to EGP 541 from EGP 574 mn during the same period last year.<\/p>\n<p><strong>Porto Group<\/strong> reported 1H2017 consolidated net profit after tax of EGP 178 mn, up from EGP 43 mn in the same period last year, according to a <a href=\"http:\/\/www.egx.com.eg\/downloads\/News\/%D8%A8%D9%88%D8%B1%D8%AA%D9%88%20%D9%85%D8%AC%D9%84%D8%B3-13-08-2017.pdf\">regulatory filing (pdf)<\/a>. The company posted 1H2017 revenues of EGP 1.2 bn, up from EGP 422 mn in 1H2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EARNINGS WATCH- Arabian Cement Company reported a consolidated net profit after tax in 2Q2017 of EGP 12 mn, down from EGP 109 mn in 2Q2016, according to the company\u2019s financial statements. Revenues for 2Q2017 fell to EGP 541 from EGP 574 mn during the same period last year. Porto Group reported 1H2017 consolidated net profit [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642427","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3a3a5cb1-f485-4c92-bfb2-4046f19ee3d7","order":"0","is_powered_by":true,"section_story_id":"61fc4aaf-66f2-426b-b995-8fde43e1af25","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642407],"teaser":"","voice_url":""},"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: Porto Group, Arabian Cement Company - 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\/2017\/08\/14\/earnings-watch-porto-group-arabian-cement-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: Porto Group, Arabian Cement Company\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Arabian Cement Company reported a consolidated net profit after tax in 2Q2017 of EGP 12 mn, down from EGP 109 mn in 2Q2016, according to the company\u2019s financial statements. 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EFG Hermes said its operating revenues increased by 252% to cross the EGP 1 bn in 2Q2017. \u201cOur strategy to diversify our lines of business\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":642478,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/earnings-watch-talaat-mostafa-group-holding\/","url_meta":{"origin":642427,"position":1},"title":"Earnings watch: Talaat Mostafa Group Holding","author":"enterpriseam admin","date":"15 August 2017","format":false,"excerpt":"EARNINGS WATCH- Talaat Mostafa Group\u2019s 1H2017 consolidated net profit after tax stood at EGP 696.5 mn, up from EGP 432.1 mn in the same period last year, according to an EGX filing. The company reported revenues of EGP 3.26 bn in 1H2017, up from EGP 2.92 bn a year ago.","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":645814,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/earnings-watch-edita-credit-agricole-egypt\/","url_meta":{"origin":642427,"position":2},"title":"Earnings Watch: Edita, Credit Agricole Egypt","author":"enterpriseam admin","date":"31 July 2017","format":false,"excerpt":"EARNINGS WATCH- Edita reported a net loss of EGP 1.7 mn in 2Q2017 down from a net profit of EGP 41.6 mn in the similar period last year. Despite the bottom line loss, Edita\u2019s revenues continued to grow, recording an 11.2% y-o-y increase to EGP 611.6 mn. For 1H2017, Edita\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":596220,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/21\/earnings-watch-orascom-development-egypt-arabian-cement\/","url_meta":{"origin":642427,"position":3},"title":"Earnings watch: Orascom Development Egypt, Arabian cement","author":"enterpriseam admin","date":"21 August 2019","format":false,"excerpt":"EARNINGS WATCH- ODE doubles y-o-y profit to EGP 205 mn in 2Q2019: Orascom Development Egypt (ODE) doubled its net profits in 2Q2019 to EGP 205.2 mn, up from EGP 101.5 mn in the same period last year, according to an EGX earnings statement (pdf). Revenues for the quarter climbed 50.9%\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":645590,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/25\/earnings-watch-orange-egypts-losses-grow-vodafone-egypt-revenue-snapshot\/","url_meta":{"origin":642427,"position":4},"title":"Earnings watch: Orange Egypt\u2019s losses grow, Vodafone Egypt revenue snapshot","author":"enterpriseam admin","date":"25 July 2017","format":false,"excerpt":"EARNINGS WATCH- Orange Egypt reported an increase in net loss after tax to EGP 1.10 bn in 1H2017 from EGP 33.4 mn in the same period last year. Revenues rose 6.33% y-o-y to EGP 6.12 bn in 2Q2017. Orange Egypt blamed loss on the impact of the float on equipment\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":645696,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/27\/earnings-watch-juhayna-oriental-weavers-eastern-tobacco\/","url_meta":{"origin":642427,"position":5},"title":"Earnings watch: Juhayna, Oriental Weavers, Eastern Tobacco","author":"enterpriseam admin","date":"27 July 2017","format":false,"excerpt":"EARNINGS WATCH- Juhayna reported an 8.4% y-o-y decrease in consolidated net profit to EGP 27.3 mn in 2Q2017, according to an EGX filing. The company\u2019s consolidated revenues rose 15.8% y-o-y in 2Q2017 to EGP 1.57 bn.Oriental Weavers reported a 28% y-o-y increase in second quarter net profit to EGP 204\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642427","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=642427"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642427\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/642407"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=642427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=642427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=642427"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=642427"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=642427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}