Latest news with #GGRN
Zawya
4 days ago
- Business
- Zawya
Egypt: Gogreen sees 82.8% YoY lower profits in Q1 2025
Arab Finance: Gogreen for Agricultural Investment (GGRN) posted 82.84% lower net profits after tax at EGP 9.844 million in the first quarter (Q1) of 2025, compared to EGP 57.396 million in Q1 2024, as per the financial results. Earnings per share (EPS) hit EGP 0.007 in the first three months of 2025, an annual drop from EGP 0.041. Revenues fell to EGP 24.132 million at the end of March 2025 from EGP 99.688 million in Q1 2024. In 2024, the EGX-listed firm logged 28.5% year-on-year (YoY) higher net profits after tax at EGP 57.396 million, compared to EGP 44.683 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
22-04-2025
- Business
- Zawya
Egypt: Gogreen's profits leap 28.5% YoY in 2024
Gogreen for Agricultural Investment (GGRN) recorded net profits after tax valued at EGP 57.396 million in 2024, an annual rise of 28.5% from EGP 44.683 million, the financial indicators showed. The sales increased by 4.7% year-on-year (YoY) to EGP 99.688 million at the end of December 2024 from EGP 95.249 million. Earnings per share (EPS) stood at EGP 0.041 last year, higher by 28.5% than EGP 0.032 in 2023. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
11-02-2025
- Business
- Zawya
Go Green seeks to invest $10mln in expansion plans during 2025
Egypt - Go Green for Agricultural Investment (GGRN) aims to invest up to EGP 500 million in 2025 to boost land reclamation and expansion plans, the company's Vice President Hossam Abd El Kader told Al Arabiya Business. Abd El Kader noted that the company will secure the required financing from several sources, including capital raise and contributions from investors. Go Green, a public company specializing in jojoba oil production, began trading its shares on the Egyptian Exchange (EGX) on February 10th without offering its shares for public subscription. The company's paid-up capital stands at EGP 140 million, while the issued capital amounts to EGP 500 million. The Egypt-based company has exported around 120 tons of its products to the American food corporation Cargill in 2024, said Abd El Kader. He added that Go Green plans to export 250 tons in 2025, doubling its annual production to meet the increasing demands. The company's investments are not limited to jojoba oil but also olives, as it began planting 2,000 acres of olives, with the aim to reach 5,000 acres by 2025-2026. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
