{"id":665479,"date":"2025-05-19T00:00:00","date_gmt":"2025-05-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/"},"modified":"2025-05-19T00:00:00","modified_gmt":"2025-05-19T00:00:00","slug":"egypt-kuwait-holding-tmg-raya-report-1q-earnings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/","title":{"rendered":"Egypt Kuwait Holding, TMG, Raya report 1Q earnings"},"content":{"rendered":"

The earnings season is in full swing<\/strong>, with more players out with their 1Q earnings. <\/p>\n

\n

EGYPT KUWAIT HOLDING SEES NORMALISED NET INCOME RISE IN 1Q-<\/p>\n

Our friends<\/strong> at Egypt Kuwait Holding (EKH) saw <\/strong>their <\/strong>attributable <\/strong>net income<\/strong> increase <\/strong>44%<\/strong> y-o-y in 1Q 2025<\/strong>, coming in at USD 34.1 mn, according to the company\u2019s latest earnings release (pdf)<\/a>. Revenues inched up 1% y-o-y during the same period to USD 195 mn, which the company said represents \u201crecovering volumes and upward trending global urea prices, as well as operational growth across most segments.\u201d<\/p>\n

(Tap or click the headline above to read this story with all of the links<\/strong> to our background as well as external sources.)<\/p>\n

But it\u2019s a very different picture when taking into account 1Q 2024 FX gains<\/strong>, with the EGP float in March 2024 pushing annual comparisons into the red. The USD 39.0 mn in FX gains recorded in the first quarter of the previous year pushed net income down 12.6% y-o-y in the first three months of 2025.<\/p>\n

Looking ahead: <\/strong>\u201cOur upcoming corporate rebrand will go beyond a mere change in visual identity; rather, it will reflect our shift towards a more agile, global investment company, better positioned to scale proven platforms across borders. We continue to optimize our organisation to render it fit for purpose as well as invest in our people, equipping them with the necessary tools and frameworks to consistently deliver exceptional results. As we look ahead, we remain focused on executing with discipline, investing for growth, and accelerating our transformation,\u201d CEO Jon Rokk said in an accompanying statement (pdf)<\/a>.<\/p>\n

\n

TMG SEES HOSPITALITY DRIVE GROWTH IN 1Q-<\/p>\n

Talaat Moustafa<\/strong> Group (TMG) saw its revenues rise 38.8% y-o-y in 1Q 2025<\/strong> to EGP 9.4 bn, according to the EGX-listed company\u2019s most recent financials (pdf)<\/a>. During the same period, the real estate giant\u2019s net income rose 6.9% y-o-y to EGP 4.4 bn.<\/p>\n

Hospitality was a big driver of revenue growth<\/strong>, increasing by half to EGP 3.5 bn and accounting for approximately 37.1% of the group\u2019s total revenue by our math. Revenues from recurring income activities and service-related operations \u2014 think malls, sporting clubs, utilities, contracting, and other services \u2014 notched a 116.0% y-o-y increase to EGP 2.1 bn and accounted for 22.3% of the quarter\u2019s total revenue. <\/p>\n

Real estate sales were up 24.9% y-o-y in the quarter<\/strong>, reaching EGP 77.2 bn despite the lack of any new launches over the three-month period, the company noted.<\/p>\n

\n

RAYA HOLDING REPORTS STRONG 1Q RESULTS-<\/p>\n

Raya Holding for Financial Investments saw a 12% y-o-y increase in its net income to <\/strong>EGP 370 mn in 1Q 2025<\/strong>, according to its e<\/a>arnings (p<\/a>df)<\/a>. The group\u2019s revenues for the period saw a 24% y-o-y rise to reach EGP 12.9 bn, of which around 32% came from foreign currency sources. The results reflect a \u201csignificant growth across all sectors and reinforcing its position as a leader in the Egyptian market.\u201d <\/p>\n

The breakdown: <\/strong>The retail and distribution segment remained the largest contributor to revenues with EGP 5.4 bn, up 3% y-o-y. The group\u2019s technology and infrastructure sector came in second with EGP 3.5 bn in revenues, marking a 40.4% y-o-y increase. Raya\u2019s NBFS business recorded revenues of EGP 1.7 bn during the period, up 35.2% y-o-y. The manufacturing segment recorded EGP 1 bn in revenues (up 81% y-o-y) \u2014 Raya Auto recorded EGP 338 mn in revenues and Raya Foods EGP 530 mn. <\/p>\n","protected":false},"excerpt":{"rendered":"

EKH saw its attributable net income increase 44% y-o-y in 1Q 2025<\/p>\n","protected":false},"author":1,"featured_media":665480,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7208],"tags":[409,1668,72,3707,1517],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings-watch","tag-egypt-kuwait-holding","tag-enterpriseam","tag-raya-holding-for-financial-investments","tag-talaat-moustafa-group","wpautop","entry"],"acf":{"mongo_id":"1181e912-9360-4b26-9a1e-9f9deb973848","order":"11","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1577.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt Kuwait Holding, TMG, Raya report 1Q earnings","related_issue":[665461],"teaser":"EKH saw its attributable net income increase 44% y-o-y in 1Q 2025","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.88ededbb-0bdc-44b4-a838-b45fa819cd34.mp3"},"yoast_head":"\nEgypt Kuwait Holding, TMG, Raya report 1Q earnings - 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\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt Kuwait Holding, TMG, Raya report 1Q earnings\" \/>\n<meta property=\"og:description\" content=\"EKH saw its attributable net income increase 44% y-o-y in 1Q 2025\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-19T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1577.jpg?fit=%2C&ssl=1\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt Kuwait Holding, TMG, Raya report 1Q earnings\",\"datePublished\":\"2025-05-19T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/\"},\"wordCount\":545,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1577.jpg?fit=%2C&ssl=1\",\"keywords\":[\"earnings watch\",\"Egypt Kuwait Holding\",\"EnterpriseAM\",\"Raya Holding for Financial Investments\",\"Talaat Moustafa Group\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/\",\"name\":\"Egypt Kuwait Holding, TMG, Raya report 1Q earnings - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1577.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-05-19T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1577.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1577.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt Kuwait Holding, TMG, Raya report 1Q earnings\"}]},{\"@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":"Egypt Kuwait Holding, TMG, Raya report 1Q earnings - 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\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/","og_locale":"en_US","og_type":"article","og_title":"Egypt Kuwait Holding, TMG, Raya report 1Q earnings","og_description":"EKH saw its attributable net income increase 44% y-o-y in 1Q 2025","og_url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2025-05-19T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1577.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egypt Kuwait Holding, TMG, Raya report 1Q earnings","datePublished":"2025-05-19T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/"},"wordCount":545,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1577.jpg?fit=%2C&ssl=1","keywords":["earnings watch","Egypt Kuwait Holding","EnterpriseAM","Raya Holding for Financial Investments","Talaat Moustafa Group"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/","url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/","name":"Egypt Kuwait Holding, TMG, Raya report 1Q earnings - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1577.jpg?fit=%2C&ssl=1","datePublished":"2025-05-19T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1577.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1577.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/19\/egypt-kuwait-holding-tmg-raya-report-1q-earnings\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egypt Kuwait Holding, TMG, Raya report 1Q earnings"}]},{"@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":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1577.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1577.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1577.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":546456,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/ekh-reports-record-net-income-in-1q2022\/","url_meta":{"origin":665479,"position":0},"title":"EKH reports record net income in 1Q2022","author":"enterpriseam admin","date":"17 May 2022","format":false,"excerpt":"Egypt Kuwait Holding (EKH) reported record quarterly earnings in 1Q 2022 as the surge in commodity prices boosted revenues, the company said in its latest earnings release (pdf). Net income rose 66% y-o-y to USD 71.1 mn during the quarter, underpinned by strong revenue growth in fertilizers and petrochemicals which\u2026","rel":"","context":"In "EARNINGS WATCH"","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":586713,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/16\/rameda-revenues-up-14-while-profits-slip-in-1q-2023-plus-ekh-oriental-weavers-report-1q23-earnings\/","url_meta":{"origin":665479,"position":1},"title":"Rameda revenues up 14% while profits slip in 1Q 2023. PLUS: EKH, Oriental Weavers report 1Q23 earnings","author":"enterpriseam admin","date":"16 May 2023","format":false,"excerpt":"Rameda\u2019s private sales generated more than half of the company\u2019s revenues during the quarter.","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/822.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":562247,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/17\/gb-auto-net-income-doubles-in-1q-amid-higher-demand\/","url_meta":{"origin":665479,"position":2},"title":"GB Auto net income doubles in 1Q amid higher demand","author":"enterpriseam admin","date":"17 May 2021","format":false,"excerpt":"GB Auto\u2019s net income more than doubled to EGP 299 mn in 1Q2021 compared to EGP 138 mn in the same quarter last year, according to the company\u2019s earnings release (pdf). Revenues rose 16% to hit EGP 6.8 bn during the quarter, compared to EGP 5.9 bn a year earlier,\u2026","rel":"","context":"In "EARNINGS WATCH"","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":587677,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/30\/earnings-watch-telecom-egypt-mm-group-housing-and-development-bank-raya-holding-eastern-company-and-abu-qir-fertilizers-report-results\/","url_meta":{"origin":665479,"position":3},"title":"Earnings watch: Telecom Egypt, MM Group, Housing and Development Bank, Raya Holding, Eastern Company, and Abu Qir Fertilizers report results","author":"enterpriseam admin","date":"30 May 2023","format":false,"excerpt":"EARNINGS WATCH- Telecom Egypt reported EGP 4.1 bn in normalized net income in 1Q 2023, rising 144% y-o-y, according to its earnings release (pdf). The company\u2019s revenues climbed 48% y-o-y to EGP 14 bn during the quarter.MM Group for Industry and International Trade\u2019s net income rose 201.7% y-o-y to EGP\u2026","rel":"","context":"In "GO WITH THE FLOW"","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":581812,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/26\/ekh-to-invest-usd-170-mn-in-egypt-this-year-reports-record-sales-in-2022\/","url_meta":{"origin":665479,"position":4},"title":"EKH to invest USD 170 mn in Egypt this year + reports record sales in 2022","author":"enterpriseam admin","date":"26 February 2023","format":false,"excerpt":"More than half of the amount will be allocated to capital expenditure","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/EKH-2.25.23-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":670328,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/18\/raya-holding-egypt-kuwait-holding-are-out-with-their-2q-earnings\/","url_meta":{"origin":665479,"position":5},"title":"Raya Holding, Egypt Kuwait Holding are out with their 2Q earnings","author":"enterpriseam admin","date":"18 August 2025","format":false,"excerpt":"Raya Holding saw its net income before minority interest climb 52.1% y-o-y to EGP 584 mn in 2Q","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/4\/951.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665479","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=665479"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/665479\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/665461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/665480"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=665479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=665479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=665479"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=665479"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=665479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}