
Egypt Gas records 41.3% YoY increase in Q1 2025 profits
Arab Finance: Egypt Gas logged net profits after tax valued at EGP 196.368 million in the first quarter (Q1) of 2025, an annual leap of 41.30% from EGP 138.965 million, the financial indicators showed.
Earnings per share (EPS) after tax and before dividends climbed to EGP 1.36 in Q1 2025 from EGP 0.96 in Q1 2024.
Meanwhile, operating revenues hiked to EGP 1.688 billion from EGP 1.318 billion.
In 2024, the EGX-listed company posted 70.55% year-on-year (YoY) higher net profits after tax at EGP 290.960 million, compared to EGP 170.597 million.
© 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
Egypt: EGX shows positive performance on Wednesday
Arab Finance: The Egyptian Exchange (EGX) closed Wednesday's trading session on a positive note after the EGX30 index rose by 1.24% to 33,002.85 points. The Sharia-compliant index, EGX33 Shariah index, went up by 1.34% to 3,426.57 points. Both the EGX70 index and the EGX100 index ended the session higher by 2.10% at 9,811.41 points and by 1.96% at 13,344.47 points, respectively. The trading value hit EGP 5.439 billion through the exchange of 1.787 billion shares in 129,284 transactions, while the market cap reached EGP 2.339 trillion. Arab and foreign traders accounted for 6.6% and 3.42% of the trading transactions, respectively. The Egyptian investors took over 89.98%. Individuals controlled 77.31% of the total trading, while the institutions represented 22.68%. Egyptian and foreign investors were buyers with EGP 58.616 million and EGP 34.698 million, respectively. The Arab traders were sellers with EGP 93.314 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (


Zawya
an hour ago
- Zawya
Contact, noon team up to strengthen Egypt's digital payment ecosystem
Arab Finance: Contact Financial Holding has joined forces with noon Payments, the integrated online payment gateway powered by noon, to enhance Egypt's digital payment ecosystem, according to a press release. The partnership aims to expand access to seamless, innovative, and customer-centric financial solutions across the market. It comes as a part of the two companies' strategy to offer flexible and secure payment services, revolutionize financial accessibility, and enhance both merchants' and customers' experience. This will be implemented through Contact's AI-powered digital application, ContactNow, and its leading payment solutions provider, Contact Pay. Noon Payments' merchants will access Contact's financing solutions, including the buy now, pay later (BNPL) service, to simplify the purchasing process and provide multiple payment options. Beyond BNPL, noon Payments is now integrated as a digital payment gateway within ContactNow app, allowing Contact customers to pay installments, bills, and subscriptions using a wide range of secure digital payment methods. On the other hand, noon Payments will offer Contact's payment services as a method for their merchants to integrate into their checkout systems, which will secure more flexibility and a wider variety of payment options for their customers. Ahmed Abdel Hakim, Managing Director of Contact Pay, commented: 'We see this as a major step forward in reshaping the digital payments landscape in Egypt by delivering seamless, secure, and customer-centric payment solutions that align with modern consumer expectations.' Meanwhile, Ahmed El Moselhy – Business Director at Contact Now, said: 'By integrating BNPL services into the noon platform, we're not only simplifying the customer financing and shopping experience and helping them manage spending without upfront costs, we're also contributing to a smarter, more resilient e-commerce ecosystem that aligns with evolving customer needs and supports sustainable digital growth.' For his part, Moustafa Maher, Country Manager of noon Payments Egypt, highlighted: 'This collaboration is designed to deliver a smooth and efficient experience for businesses and consumers in Egypt, while also contributing to the development of the local economy.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (


Zawya
an hour ago
- Zawya
Egypt resumes international sukuk issuance with $1bln offering amid regional headwinds
Arab Finance: Ministry of Finance has resumed its international sovereign sukuk issuance plan, launching a second $1 billion issuance despite ongoing regional challenges, as per a statement. The Sharia-compliant sukuk carries a 7.875% annual coupon and a three-year maturity. The issuance was carried out as a private placement for fiscal year (FY) 2024/2025. It comes amid heightened geopolitical tensions and market uncertainty, but was made possible by a marked improvement in Egypt's economic conditions and key financial indicators. This latest issuance follows the country's first sovereign sukuk offering in February 2023 and forms part of a broader $5 billion sukuk program. The move aligns with the ministry's strategy to diversify financing tools, currencies, and investor bases, while extending debt maturity and lowering external debt servicing costs. The sukuk was fully subscribed by Kuwait Finance House, one of the world's largest Islamic banks, reinforcing Egypt's financial ties with Kuwait. The ministry emphasized that the issuance demonstrates Egypt's continued ability to secure favorable financial terms and advance its diversification agenda, even under strained global conditions. It also reaffirmed its commitment to reducing external debt for budget entities by approximately $1 to $2 billion during the current year, with preliminary indicators supporting this objective. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (