Latest news with #MisrCement
Zawya
08-08-2025
- Business
- Zawya
Egypt: Misr Cement Qena's consolidated profits leap 1,870% YoY in H1 2025
Arab Finance: Misr Cement Qena recorded an annual leap of 1,870% in consolidated net profits attributable to the controlling shareholders to EGP 599.959 million in the first half (H1) of 2025, as per the financial results. The generated net profits were compared with EGP 30.444 million in the first six months of 2024. Net sales surged to EGP 3.878 billion in H1 2025 from EGP 2.296 billion in H1 2024. As for the standalone business, the net profits after tax climbed to EGP 347.457 million in H1 2025 from EGP 81.301 million in the year-ago period. Non-consolidated earnings per share (EPS)increased to EGP 3.02 from EGP 0.78, while the net sales jumped to EGP 1.575 billion from EGP 1.022 billion. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Zawya
07-07-2025
- Business
- Zawya
10 Egyptian stocks outperform gold, real estate, and savings certificates in Q2 2025
Egypt - Ten stocks listed on the Egyptian Exchange (EGX) posted exceptional gains during the second quarter of 2025, with share prices soaring by more than 70%—significantly outperforming traditional investment options such as gold, real estate, and bank savings certificates. The rally was fuelled by a combination of strong financial results and speculative trading, particularly in small- and mid-cap stocks. Among the top gainers, U Consumer Finance recorded a staggering increase of 1,019.69%, closing the quarter at EGP 8.700, marking the most dramatic surge on the market. ODIN Investments in Egyptian Equities – Kasb followed with a 443% rise to EGP 5.430. Egypt Fertilizers (EGYFERT) jumped 111.48% to close at EGP 216.510, while Upper Egypt Flour Mills advanced 108.53% to EGP 551.700. Misr Cement Qena also delivered strong gains, rising 102.11% to reach EGP 52.730. Misr Beni Suef Cement saw its share price climb by 92.93%, ending the quarter at EGP 144.700. General Silos & Storage (GSSC) appreciated by 86.65% to EGP 313.860, and Beltone Holding gained 77.99%, closing at EGP 3.720. Suez Canal Technology Settling rose 74.38% to EGP 154.400, while Cairo National Company for Investment and Securities increased 73.76% to EGP 52.040. B Investments Holding completed the list with a 72.04% rise, reaching EGP 40.00 per share. Despite the remarkable performance of these individual stocks, broader market indices posted more modest gains. The benchmark EGX30, which tracks the performance of the 30 most liquid companies on the exchange, rose by 2.6% to close the quarter at 32,857.62 points. The EGX70 Equal Weight Index (EWI), which focuses on small and mid-cap stocks, climbed 10.18% to reach 9,967.14 points, reflecting the segment's bullish momentum. Meanwhile, the EGX100 EWI rose by 8.15% to close at 13,477.29 points. The EGX30 Capped recorded a 2.66% increase, ending the period at 40,845.77 points, while the Tamayuz Index—tracking high-performing companies based on financial merit—grew by 7.76% to 12,481.01 points. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Zawya
02-06-2025
- Business
- Zawya
Egypt: Misr Cement Qena logs 657% YoY leap in Q1 2025 consolidated profits
Arab Finance: Misr Cement Qena posted 657.02% year-on-year (YoY) higher consolidated net profits after income taxes attributable to the controlling shareholders at EGP 238.466 million in the first quarter (Q1) of 2025, as per the financial results. The recorded earnings were compared with EGP 31.500 million in Q1 2024. Net sales jumped to EGP 1.824 billion in the three-month period that ended on March 31 st, 2025, versus EGP 1.255 billion during the same period of 2024. As for the standalone business, the net profits after tax hiked to EGP 165.361 million in Q1 2025 from EGP 48.637 million in Q1 2024. Earnings per share (EPS) increased to EGP 1.46 from EGP 0.44, while the net sales climbed to EGP 773.811 million from EGP 573.395 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
