Alexandria Container and Cargo Handling Company reported a significant financial performance in the first quarter (Q1) of fiscal year (FY) 2024/2025. The company’s net profit after tax surged by 88% year-on-year (YoY), reaching EGP 1.84 billion, up from EGP 979.97 million in the same period last year. This substantial increase was driven by a 75%...Read More

Crédit Agricole Egypt has reported consolidated net profits exceeding EGP 6 billion in the first nine months of 2024, showcasing significant growth from the previous year. This performance reflects the bank’s solid financial strategy, achieving a notable increase in net interest income and strong overall results. Throughout this period, Crédit Agricole Egypt’s total assets saw...Read More

Ballurh, a cloud-based SaaS business intelligence platform, integrates seamlessly with point-of-sale (POS) systems for food and beverage (F&B) retailers, aiming to boost sales and elevate customer satisfaction. In a recent interview with Mubasher during the Biban24 forum in Riyadh, Abdullah Al Hawsawi, Founder and Chief Growth Officer of Ballurh, highlighted that the platform empowers business...Read More

Sinai Cement reported a strong financial performance in the first half (H1) of 2024, swinging to consolidated net profits of EGP 651.36 million, a significant turnaround from the net losses of EGP 79.72 million recorded in H1-23. This positive shift was supported by a rise in net sales, which grew to EGP 2.68 billion in...Read More

GB Corp reported consolidated net profits of EGP 1.10 billion for the first half (H1) of 2024, a significant increase from EGP 652.63 million in H1-23. The company’s total revenues also saw a notable rise, reaching EGP 19.18 billion in H1-24, compared to EGP 10.75 billion in the same period last year, according to its...Read More

Orascom Financial Holding (OFH) experienced a significant decline in consolidated net profits after tax, which fell to EGP 3.26 million in the first half (H1) of 2024, down from EGP 42.57 million in H1-23. Despite the drop in profits, the company’s revenues saw a slight increase, reaching EGP 16.22 million in H1-24, up from EGP...Read More

Raya Holding for Financial Investment reported consolidated net profits of EGP 762.13 million in the first half (H1) of 2024, marking a significant increase from EGP 350.39 million in the same period last year. The company’s revenues also saw a substantial rise, reaching EGP 20.08 billion in H1-24, up from EGP 14.51 billion a year...Read More

Misr Cement – Qena reported consolidated net profits of EGP 16.93 million in the first half (H1) of 2024, reflecting a significant decline from EGP 63.68 million in the same period last year. Despite the drop in profits, the company’s revenues saw an increase, rising to EGP 2.29 billion in H1-24, up from EGP 1.90...Read More

Orascom Development Egypt reported consolidated net profits of EGP 942.76 million in the first half (H1) of 2024, down from EGP 1 billion in H1-23. Despite the dip in profits, the company saw its net revenues soar by 64.90% year-on-year (YoY), reaching EGP 10.21 billion in H1-24, compared to EGP 6.19 billion in the previous...Read More

The Egyptian Satellites Company NileSat Reports a net profit of $21.47 million from continuing operations during the first half (H1) of 2024, reflecting an increase from $19.30 million in the same period last year. Despite the profit growth, revenues slightly declined to $50.80 million in H1-24, down from $51.19 million in H1-23, as per the company’s...Read More