Egypt: Suez Canal for Technology Settling's standalone profits 48.3% YoY up in 6 months
Arab Finance: Suez Canal Company for Technology Settling recorded an annual jump of 48.38% in standalone net profits after tax to EGP 1.132 billion during the first six months of fiscal year (FY) 2024/2025, the financial results showed.
The generated earnings were compared with non-consolidated net profits of EGP 763.289 million in the same six months in FY 2023/2024.
Basic earnings per share (EPS) hiked to EGP 12.46 in the September 2024-February 2025 period from EGP 8.40 a year earlier, while the revenues jumped to EGP 1.017 billion from EGP 688.566 million.
In another bourse disclosure, the company announced a cash dividend distribution of EGP 11.25 per share.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
Egyptian Resorts witnesses $778,537 block trading deal
Arab Finance: Egyptian Resorts Company saw a block trading deal valued at EGP 38.753 million, the Egyptian Exchange (EGX) announced on June 11 th. The EGX highlighted that the transaction was implemented on 4.559 million shares. In 2024, Egyptian Resorts turned profitable at EGP 186.751 million, against consolidated net losses attributable to the parent company of EGP 81.586 million in 2023. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
an hour ago
- Zawya
Egypt: TMG Holding targets $2bln in sales from Sharm Bay project
Arab Finance: Talaat Moustafa Group Holding rolled out plans for its Sharm Bay project in Sharm El Sheikh, which is expected to generate total sales of EGP 120 billion over its lifespan, as per a statement. The development scheme will feature around 3,000 residential units, including a mix of luxury villas and elegantly designed boathouses. The company targets an average net profit margin of 20% and a projected recurring income of EGP 30.2 billion after completing and operating the venture. The tourism resort will include a wide range of premium amenities, such as a world-class marina, high-end retail and entertainment venues, a wellness center, and sports facilities. Moreover, the Sharm Bay project will reinforce the group's position as a leading real estate, hotel, and resort company. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Gulf Business
an hour ago
- Gulf Business
Defining MENA's economy: 30 iconic and influential companies
The Middle East and North Africa (MENA) has emerged as a global business powerhouse. In this special feature, Gulf Business spotlights enterprises with a strong regional presence, market leadership by size, and standout brand recognition. From legacy players to bold disruptors, these companies are shaping the region's future and setting new global benchmarks. .
