Latest news with #ArabFinanceForInformationTechnology
Zawya
29-07-2025
- Business
- Zawya
Egypt: Memphis Pharmaceutical's profits rise 164%YoY in FY 2024/25
Egypt - Memphis Pharmaceutical and Chemical Industries reported a 164% year-on-year leap in net profits after tax in the fiscal year (FY) 2024/2025, according to the firm's financial indicators. The company recorded EGP 504.928 million in net profits after tax last FY, up from EGP 191.458 million during the same period of FY 2022/2023. Meanwhile, revenues grew to EGP 1.507 billion from EGP 871.906 million. Memphis is one of the oldest pharmaceutical and chemical companies in the Middle East and has been in the market since 1940. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
16-07-2025
- Business
- Zawya
Egypt: Suez Canal for Technology Settling's consolidated profits jump 41.8% YoY in 9 months
Arab Finance: Suez Canal Company for Technology Settling's consolidated net profits attributable to the holding company are 41.805% year on year (YoY) higher, reaching EGP 1.487 billion in the nine-month period ended May 31st, 2025, as per the financial results. The generated net profits are compared with EGP 1.049 billion in the corresponding period ended May 31st, 2024. Revenues climbed to EGP 2.141 billion in the September 2024-May 2025 period from EGP 1.593 billion a year earlier, while the basic earnings per share (EPS) increased to EGP 16.37 from EGP 11.54. As for the standalone results, the net profits after tax amounted to EGP 1.197 billion in the nine-month period that ended on May 31 st, 2025, an annual surge from EGP 814.765 million. Non-consolidated basic EPS climbed to EGP 13.17 from EGP 8.96, while the revenues jumped to EGP 1.026 billion from EGP 691.506 million. In the six months to end-February 2025, the standalone net profits after tax hiked to EGP 1.132 billion from EGP 763.289 million in the year-ago period. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
16-07-2025
- Business
- Zawya
Gold prices in Egypt collectively drop on Tuesday
Arab Finance: The gold prices in Egypt registered a collective drop on Tuesday, with the 24-karat falling to EGP 5,291.5 per gram for purchasing and EGP 5,320 for selling, iSagha's data showed. The 22-karat gold price also declined to EGP 4,850.5 for purchasing and EGP 4,876.75 per gram for selling. Meanwhile, the 21-karat gold fell to EGP 4,630 per gram for buying and EGP 4,655 for selling. The 18-karat gold price amounted to EGP 3,968.5 per gram for purchasing and EGP 3,990 for selling. The gold pound's price recorded EGP 37,040 for buying and EGP 37,240 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
06-05-2025
- Business
- Zawya
Egypt: Palm Hills records $1bln in Q1 sales
Arab Finance: Palm Hills Developments reported total sales of EGP 80.2 billion in the first quarter (Q1) of 2025, more than doubling from EGP 32.2 billion in the same period last year and up from EGP 21 billion in the fourth quarter (Q4) of 2024, as per a disclosure. The increase was driven by strong demand across existing projects, particularly Badya, Palm Hills New Cairo, B/X, and Palm Hills Alexandria. The company said this performance supports its full-year sales target of EGP 200 billion for 2025, reflecting a projected annual growth rate of 33%. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
06-05-2025
- Business
- Zawya
Egypt: EGX closes Monday's session on a mixed note
Arab Finance: The Egyptian Exchange (EGX) showed a varied performance on Monday after the EGX30 retreated by 0.43% at 32,211.75 points. Likewise, the Sharia-compliant index, EGX33 Shariah index, saw no change at 3,348.2 points. On the other hand, the EGX70 index and the EGX100 index closed the session lower by 0.06% at 9,521.67 points and by 0.20% to 12,948.48 points, respectively. EGX's turnover reached EGP 4.896 billion through the exchange of 1.654 billion shares over 119,666 transactions, whereas the market capitalization stood at EGP 2.283 trillion. Individuals took over 72.2% of the total trading, while the institutions represented the remaining 27.79%. Egyptian investors controlled 89.32% of trading transactions, while Arab and foreign traders accounted for 5.25% and 5.43%, respectively. Egyptian and Arab investors were net sellers with EGP 157.227 million and EGP 61.165 million, respectively. The foreign traders were buyers with EGP 218.392 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
