Latest news with #Gadwa
Zawya
4 days ago
- Business
- Zawya
Egypt: Gadwa for industrial development's EGM approves capital reduction
Arab Finance: Gadwa for Industrial Development's extraordinary general meeting (EGM) agreed to cut the issued capital to EGP 1.962 billion from EGP 2.004 billion, according to a bourse disclosure. The company will reduce its capital by EGP 41.346 million by writing off 21.761 million treasury shares at a nominal value of EGP 1.90 per share, based on 2024 financial statements. In 2024, the EGX-listed firm's consolidated net profits attributable to the parent company hiked by 44.437% to EGP 1.444 billion in 2024 from EGP 1 billion in 2023. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
04-04-2025
- Business
- Zawya
Egypt: Gadwa's consolidated profits surge 44.43% YoY in 2024
Arab Finance: Gadwa for Industrial Development's consolidated net profits attributable to the parent company increased by 44.437% to EGP 1.444 billion in 2024 from EGP 1 billion in 2023, the financial results showed. Earnings per share (EPS) jumped to EGP 1.09 last year from EGP 0.95 in 2023, while the operating revenues hiked to EGP 19.054 billion from EGP 12.246 billion. As for the standalone business, net profits after tax amounted to EGP 1.056 billion at the end of December 2024, an annual rise from EGP 819.563 million. Non-consolidated revenues jumped to EGP 1.102 billion in 2024 from EGP 821.165 million in 2023, whereas the EPS climbed to EGP 0.90 from EGP 0.78. Established in 2021, Gadwa is a Cairo-based company that operates within investments in the industrial sector. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
