The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) lost 760.1 bps to reach 19.6% vs. 27.2% for 1H19 and 1H18, respectively, affected by the increase in operating costs by 49% in 1H19.
Latest by Alyaa Stohy
Abou-El-Fotouh confirmed that MEDAF Investments has ambitious plans and aims to expand inside and outside Egyptian markets. He said, “The company is currently evaluating several investment opportunities, the details of which will be announced in due course.”
MERIS Ratings hired to rate Sukuk, promotional campaigns to launch soon, says Mohamed
New short Selling mechanism to be launched before end-November
Consumer is key in digital transformation process; most important preparations are raising awareness and e-signature: Valavanis
The Group’s President Enan El-Galaly told Daily News Egypt that two of the planned four contracts are worth EGP 150-170m, one valued at EGP 120m and the other is worth EGP 30-50m. He noted that most of the new contracts are for hotels in the Red Sea area.
e-finance board approves capital increase of EGP 300m
Ministry aims to increase ICT contribution to GDP to reach 8%, says Talaat
The FRA’s plan includes proposing the appropriate legislative amendment to adopt electronic means as an approved means of notification, and deal with the entities subject to the FRA’s control
Sukuk will attract new blood, raising awareness is challenging, says El-Sawy
Company invests EGP 250-300m per year to develop and expand its services
EFG-Hermes Leasing considers new securitisation worth EGP 300-400m in Q4 of 2019
Financial markets pioneered use of financial technology, are the basis of technological innovation
Securitisation, discounting transactions of gross receivables portfolio of EGP 1bn during Q4 of 2019
Naeem recommends buying, sets the fair value at EGP 37.3
Hermes Securities Brokerage second with EGP 4.6bn, CIBC in third with EGP 4bn
Naeem maintains BUY reccomendation for MNHD with TP of EGP 8.59/share
Prospectus for replacement, development tender to be launched soon, says Investor Relations Director
The company’s profits reached EGP 3.15bn during the period from July 2018 to June 2019, compared to EGP 2.4bn in FY 2017/18.
Decline in return on investment revives EGX investments in tandem with IPO activity
Experts forecasts further cut before end-2019, debt instruments remain attractive
Total contracted real estate sales of “O West” project reached EGP 2.8bn in 1H 2019, says Sara El Gawahergy
Prime Holding added that discussions are currently in progress regarding the due diligence findings in preparation for signing of the definitive agreements in order to complete the transaction after securing the required approvals from the Financial Regulatory Authority.
Pharos expects $21-22m net profits for EKH year-end
Large private company to be offered on EGX by November
Naeem expects cooling down of sales in Celia during 2019
Prices of the company’s products to increase by EGP 1 after the approval of new tax, says Fouad
HHD opens door for real estate developers to compete for managing company’s portfolio of assets
Project will be self-financed by EGP 3.4bn from the company’s liquidity and sales of residential units
GB Auto revenues fell 6.3% y-o-y to EGP 5.65bn in 2Q19, with EGP 8.9m net losses