logo
Egypt: Sinai Cement's consolidated profits hike 18% in H1-25

Egypt: Sinai Cement's consolidated profits hike 18% in H1-25

Zawya3 hours ago
The consolidated net profits of Sinai Cement reached EGP 768.81 million in the first half (H1) of 2025, marking an 18.03% year-on-year (YoY) increase from EGP 651.31 million.
Net sales jumped to EGP 4.01 billion as of 30 June 2025 from EGP 2.68 billion in H1-24, according to the financial results.
Earnings per share (EPS) stood at EGP 2.08 in H1-25, compared to EGP 4.89 in the same period of 2024.
Standalone Results
In the first six months (6M) of 2025, the non-consolidated net profits rose to EGP 766.15 million when compared to EGP 658.62 million in H1-24.
Meanwhile, the EPS retreated to EGP 2.07 in H1-25 from EGP 4.95 a year earlier.
Financials for Q2-25
During the second quarter (Q2) of 2025, the EGX-listed firm achieved EGP 571.50 million in consolidated net profits, an annual hike from EGP 350.19 million.
The company generated net sales totaling EGP 2 billion in April-June 2025, versus EGP 1.51 billion in Q2-24. The EPS declined to EGP 1.34 from EGP 2.63.
In Q2-25, the company posted higher standalone net profits at EGP 571.90 million, versus EGP 355.84 million in the year-ago period.
In 2024, Sinai Cement swung to consolidated net profits at EGP 3.07 billion, versus net losses of EGP 121.42 million in 2023.
All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (Syndigate.info).
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tokyo International Conference on African Development (TICAD9): African Development Bank to focus on partnerships and investment at 9th Tokyo International Conference on African Development
Tokyo International Conference on African Development (TICAD9): African Development Bank to focus on partnerships and investment at 9th Tokyo International Conference on African Development

Zawya

time27 minutes ago

  • Zawya

Tokyo International Conference on African Development (TICAD9): African Development Bank to focus on partnerships and investment at 9th Tokyo International Conference on African Development

The African Development Bank ( will participate in the 9th Tokyo International Conference on African Development (TICAD9) ( taking place in Yokohama, Japan from 20-22 August. This year's conference takes place at a critical time as Africa seeks to close investment gaps and build resilience to global economic and climate shocks. The African Development Bank stands as a key driver of this transformation for the continent, leveraging its leadership to mobilise international support, particularly from Japan. Co-hosted by United Nations, United Nations Development Programme (UNDP), The World Bank and African Union Commission (AUC), TICAD has been running for more than three decades since the first conference, TICAD I, in 1993. The forum has proved itself a solid catalyst to Africa's development agenda, mainly through grant aid and technical assistance. Among the delegates from the African Development Bank attending the conference are Kevin Kariuki, Vice President for Power, Energy, Climate and Green Growth; Solomon Quaynor, Vice President for Private Sector, Infrastructure, Industrialisation; Nnenna Nwabufo, Vice President for Regional Development, Integration and Business Delivery; Kevin Urama, Chief Economist and Vice President for Economic Governance&Knowledge Management, and several directors. Over the years, the African Development Bank's collaboration with Japan through TICAD, has evolved into a dynamic platform for development finance, knowledge exchange, and private sector engagement. Through programmes like the Enhanced Private Sector Assistance (EPSA) initiative, Japan's support to the Bank has resulted in billions in co-financing for African businesses and infrastructure as well as important support to capital replenishment. In addition, strategic partnerships with Japanese agencies such as Japan International Cooperation Agency (JICA), Japan Bank for International Cooperation (JBIC), Nippon Export and Investment Insurance (NEXI), continue to advance the Bank's High 5 development goals. These partnerships have supported transformative projects in energy, transport, health, and climate resilience across the continent. Enhanced Private Sector Assistance for Africa (EPSA) The Enhanced Private Sector Assistance for Africa or EPSA ( Initiative, is a framework for resource mobilization and development partnership to support the implementation of the Bank's Strategy for Private Sector Development. Drawing on successful development experience in Asia and around the globe, EPSA, which was conceived in partnership with the Government of Japan in 2005, consists of four main pillars: (1) Accelerated Co-financing Facility for Africa (ACFA), (2) Non-Sovereign Loans (NSL), (3) Fund for African Private Sector Assistance (FAPA), and (4) Private sector investment finance. An extension of the agreement - EPSA6 - is expected to be signed during TICAD9. Recognizing the private sector's importance in African development, the African Development Bank will host side events to encourage Japanese investment in key areas such as green hydrogen, Mission 300 ( transportation, health, agriculture, and education. The Africa Investment Forum ( a partnership of the African Development Bank and eight other institutions will also be promoted as an innovative investment marketplace for attracting capital for projects on the continent. During the Forum's Market Days held in December 2024 in Morocco, a special event raised awareness about Africa as an investment destination for Japanese investors. The Japan Special Room titled: 'Agricultural Innovation&Green Growth: Transforming Africa's Investment Landscape' was organized with approximately 100 participants, including representatives from Japanese companies, startups, and other public institutions. Accessing Resilient Energy for Africa On Tuesday, a day before the official opening of TICAD9, an event organized by JICA and other partners highlighted one of the continent's major challenges - the energy gap in Africa. Over 200 representatives from government, ministers and development partners attended the ' Harnessing Innovation, Co-creation, and Knowledge for Accessible and Resilient Energy for Africa," event, which was held in person and online. Without energy, the bedrock of infrastructure for crucial development cannot be realized. Yet persistent underinvestment in energy infrastructure is one of the continent's major hurdles, African Development Bank Director of Energy Financial Solutions, Policy and Regulation Department Wale Shonibare, who moderated the session said. Setting the stage for the conversation, he said Africa's 600 million people without access to reliable energy represent 83% of people with energy access lack globally affecting 2 out of 3 Africans. A further 900 million have no access to clean cooking, while Nigeria DRC, Ethiopia, Uganda and Tanzania together have half the population of no access, Shonibare said. Stressing the significance of TICAD as a platform to provide innovation and solutions through partnerships and investment, he noted: 'We see enormous potential in Africa's regional power pools…Today's session is both timely and catalytic.' The African Development Bank will organize several sessions covering a range of key development topics during the TICAD. Among these, two flagship events will be co-hosted in partnership with the Ministry of Finance. Further details on these events can be found below. High-Level Policy Dialogue: Harnessing the Potential of Africa (Link) ( Date: Thursday, 21 August Time: 10:00 AM - 11:30 AM (Tokyo time) Venue: S-01, Hall D, PACIFICO Yokohama&Zoom High-Level Business Session: Emerging Partnership between Japan and Africa (Link) ( Date: Thursday, 21 August Time: 12:40 PM - 2:10 PM (Tokyo time) Venue: S-01, Hall D, PACIFICO Yokohama&Zoom ( Learn more about the TICAD9 conference here ( Distributed by APO Group on behalf of African Development Bank Group (AfDB). Contact: Amba Mpoke-Bigg Communication and External Relations Department email: media@ Yuna Choi email: About the African Development Bank Group: The African Development Bank Group is Africa's premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information:

Egypt: Madinet Mas to launch $6.2mln real estate investment fund in Saudi Arabia
Egypt: Madinet Mas to launch $6.2mln real estate investment fund in Saudi Arabia

Zawya

time3 hours ago

  • Zawya

Egypt: Madinet Mas to launch $6.2mln real estate investment fund in Saudi Arabia

Secure Assets for Fixed Earnings (SAFE), owned by Madinet Masr Housing and Development, plans to establish a real estate investment fund in Saudi Arabia, with a target capital of EGP 300 million. This move aligns with the company's objectives to enhance future growth opportunities, according to a bourse filing. Madinat Misr is considering three plots of land for a residential project in Riyadh. They range in size from 300,000 to 500,000 square meters. SAFE handled transactions amounting to EGP 300 million in inventory value after facilitating the sale of more than 5,600 property shares within its first six months of operation. In the first half (H1) of 2025, the EGX-listed company's consolidated net profits after tax and non-controlling interest dropped by 11% to EGP 1.28 billion from EGP 1.45 billion in H1-24. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (

Egypt, Japan sign 12 investment agreements covering strategic sectors
Egypt, Japan sign 12 investment agreements covering strategic sectors

Zawya

time3 hours ago

  • Zawya

Egypt, Japan sign 12 investment agreements covering strategic sectors

Egypt and Japan have signed 12 agreements and letters of intent in various strategic sectors during the Egyptian-Japanese Investment Forum, held on August 18th, in Yokohama, in the presence of Prime Minister Mostafa Madbouly, as per a statement. The agreements, announced on the sidelines of Madbouly's participation in the ninth Tokyo International Conference on African Development (TICAD 9), aim to boost bilateral investment, deepen local production, and enhance supply chains, exports, and trade with neighboring markets. The agreements covered sectors such as education, renewable energy, industry, infrastructure, tourism, logistics, and information technology. Among the most notable deals was an agreement between the Ministry of Education and Technical Education and the Tokyo Metropolitan Government to cooperate on technical and vocational education, alongside a separate partnership with Casio Middle East to support mathematics teaching. Additional agreements were signed with Yamaha Corporation to enhance music education in 100 schools and with Japanese company SPRIX to develop math and IT curricula modeled on the Japanese system. In the energy sector, the Suez Canal Economic Zone (SCZone), Itochu Corporation, and Orascom Construction agreed to develop green fueling facilities for ammonia-powered ships, while the authority also signed with the Tokyo Metropolitan Government to cooperate on green hydrogen projects. Toyota Tsusho Corporation signed two agreements: one with Egypt's Ministries of Industry and Investment to localize automotive manufacturing and another with the Egyptian-Japanese University of Science and Technology to support scholarship programs. Other agreements included partnerships in tourism and hospitality training, technology transfer, research and development, and manufacturing of electronics and visual devices. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store