
Cleopatra Hospitals Group sees higher consolidated profits at $4.65mln in Q1-25
Cairo – Cleopatra Hospitals Group generated EGP 232.28 million in consolidated net profit after tax during the first quarter (Q1) of 2025, an annual hike from EGP 204.62 million.
Basic and diluted earnings per share (EPS) went up to EGP 0.14 in Q1-25 from EGP 0.13 in Q1-24, while the revenues hiked to EGP 1.61 billion from EGP 1.18 billion, the financial results showed.
As for the standalone business, the non-consolidated net profits jumped to EGP 111.92 million as of 31 March 2025 from EGP 100.90 million a year earlier.
Revenues increased to EGP 600 million in the first three months (3M) of 2025 from EGP 463.66 million in Q1-24, while the basic and diluted EPS climbed to EGP 0.08 from EGP 0.07.
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Khaleej Times
2 days ago
- Khaleej Times
Eid Al Adha 2025: Emotional commerce and seasonal trends boost 45% online sales growth in Mena
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The region's rich culture of gifting, combined with its multinational population and rising income levels, continues to boost the rapid growth of online gifting in the GCC, making it the fastest-growing $1.8 billion market in this space, projected to reach $6.38 billion by 2030. The study, which analysed over 150,000 customer orders during the Eid Al Adha period 2024–2025, shows rising consumer demand for seasonal gifts and emotionally driven purchasing decisions. The analytics forecast a shift toward higher-value purchases, and strong mobile commerce growth, trends expected to continue into 2025 with projected 10 per cent order growth and mobile sales exceeding 45 per cent across the Mena region. Eid Al Adha is one of the biggest shopping seasons of the year in the Mena region, driven by traditions of generosity, gifting, and festive preparation. Looking ahead to Eid Al Adha 2025, Analysts project the number of e-commerce orders in the region to increase by 10 per cent, with GMV expected to grow by 14-15 per cent during the holiday, boosted by rising average household incomes and a growing shift toward digital shopping. Mobile commerce was a key driver of growth, with 47 per cent of online orders in the UAE and over 50 per cent in Saudi Arabia made via mobile devices. Across Mena, mobile purchases rose to 41.5 per cent, up from 38 per cent last year, showing the ongoing shift to mobile-first shopping. During the five-day holiday window in 2024, online orders in the Mena region increased by 5 per cent compared to non-holiday periods, while gross merchandise value (GMV) grew by 14 per cent. The average order value (AOV) rose from $37 to $40, an 8 per cent increase, showing a shift toward higher-value purchases. 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This emotional connection drives a shift away from generic presents toward meaningful, experience-based gifts, making social and emotional commerce a key driver of visibility and cultural relevance. 'We've seen how emotional commerce drives market activity during Eid Al Adha. This holiday, with its focus on generosity and connection, offers a key opportunity to engage with the audience through emotionally resonant messaging. People choose gifts that express real care and connection, making Eid a truly meaningful time for sharing and celebration,' Slava Bogdan, CEO of Flowwow, commented.


Zawya
2 days ago
- Zawya
Profmed steps in as 1,800 qualified South Africa doctors face job and healthcare crisis
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Zawya
2 days ago
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South Africa: Pepkor showcases growth across its portfolio
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Strategic acquisitions announced will further diversify our offering into new customer segments and product categories - positioning Pepkor for sustained growth and value creation.' Financial highlights for the six months ended 31 March 2025: - Revenue increased by 12.8% to R48.8bn - Operating profit (before capital items) grew by 13.3% to R5.8bn - Gross profit margin expanded by 110 basis points to 39.2%. - Normalised HEPS increased by 18.9% to 84.3 cents (Statutory HEPS: +12.4% to 84.3 cents). - Cash conversion remained strong at 82% (rolling 12-month basis). - Return on net assets was robust at 23.7% (rolling 12-month basis). - Retail credit A+ customer base grew to 3.1 million accounts, with 564,000 new accounts opened. - Cellular market share expanded, with the group now selling eight out of every 10 prepaid handsets in South Africa. - FoneYam smartphone rental customers exceeded 1.5 million. - Active SIM card base, based on SIM cards sold by the group, of 30 million. Strong performance across core retail operations Pepkor's traditional retail businesses delivered a strong trading performance, outperforming the market and expanding market share. Group merchandise sales increased by 10%, with like-for-like sales up by 7.8%. In Southern Africa (excluding PEP Africa and Avenida), like-for-like sales grew by an impressive 9.6%. This performance was supported by improved product availability, healthy growth in retail credit interoperability, and solid growth in cellular connectivity. - Pep, the group's largest brand, delivered a stellar performance with like-for-like sales growth of 10% and above for six consecutive months. Market share was expanded across key product categories, and 43 new stores were opened, bringing the total to 2,649 stores. - Ackermans continued its recovery trajectory with like-for-like sales growth of close to 10%. Market share was gained in key categories and the store base expanded to 1,018 stores. Image supplied - Speciality (including Tekkie Town and the newly launched Ayana brand) showed solid performance in Dunns, Refinery and CODE with improved trading in Tekkie Town. The Ayana brand, focused on adult womenswear, was successfully launched across 32 stores. The Speciality store base expanded to 972 stores. - Lifestyle (including Rochester, Bradlows, Sleepmasters, and Incredible Connection) delivered solid and consistent performance, with 6.3% like-for-like sales growth, outperforming the market in key product categories. - Avenida, Pepkor's Brazil-based operation, saw an improvement in like-for-like sales performance in the second quarter despite a challenging environment. Fintech continues to drive growth and financial inclusion The fintech segment delivered healthy growth, underpinned by strategic execution and extensive reach across all channels, providing unparalleled customer acquisition capabilities. - Connectivity: Pepkor sold 6.8 million cellular handsets during the period, an increase of 17%, and its market share in prepaid handsets rose, now accounting for eight out of every 10 prepaid handsets sold in South Africa. Smartphone penetration increased as the group made these devices more affordable, with smartphones constituting 65% of handsets sold. - FoneYam, the innovative smartphone rental product, continued its strong growth trajectory, enabling more than 1.5 million customers to acquire smartphones by overcoming affordability barriers. Monthly activations averaged 165,000. - Retail credit: The A+ retail credit base expanded to 3.1 million customer accounts, with 564,000 new accounts opened. - Insurance (Abacus): During the period, 3.3 million PAXI parcels were covered, and embedded insurance was successfully launched in FoneYam in November 2024, covering 840 000 devices since then. - Flash: The Flash business, serving the informal market, increased its throughput by 23.6% to R28.8 billion. The trader network expanded to 175 000, delivering customer solutions that promote financial inclusion. Erasmus said initiatives like FoneYam are not just about selling products; they provide access and opportunity. 'By making smartphones affordable, we connect more South Africans to the digital economy and enable access to education and essential services.' Strategic developments pave the way for future expansion Pepkor also made significant strides in executing its strategic growth ambitions, with key acquisitions and initiatives to enhance its market position and customer offering. Erasmus said, 'These developments are transformative for Pepkor. The acquisition of Choice Clothing opens a new, exciting customer segment. Bringing Shoprite's furniture business into our Lifestyle division will bring increased scale and synergies into the household goods market. And our focused efforts in adult wear, through the Ayana launch and the Retailability acquisition, will substantially increase our presence in this product category.' Pepkor says these acquisitions will leverage the group's core strengths and deliver enhanced value to its customers and shareholders. Positive outlook and strategic focus Pepkor remains optimistic about the future despite a challenging macroeconomic environment in South Africa. The group anticipates that downward-trending inflation, reduced load shedding, and the two-pot retirement system will provide some relief for consumers. Erasmus concluded, 'Despite the subdued and competitive market, we continued to deliver excellent growth and we're confident that our consistent performance and growth in fintech will continue to underpin strong performance.'