Latest news with #Syndigate
Zawya
6 days ago
- Business
- Zawya
Egypt: Elsewedy Electric sees higher consolidated profits in H1-25; revenues hit $2.55bln
Cairo – Elsewedy Electric Company logged consolidated net profits attributable to the owners amounting to EGP 8.69 billion in the first half (H1) of 2025, versus EGP 8.43 billion in H1-24. The group generated revenues valued at EGP 123.80 billion at the end of June 2025, up year-on-year (YoY) from EGP 102.62 billion, according to the interim financial results. Basic and diluted earnings per share (EPS) went down to EGP 3.55 in H1-25 from EGP 3.56 in the January-June 2024 period. Standalone Business In the first six months (6M) of 2025, Elsewedy Electric shifted to net profits valued at EGP 2.17 billion, against net losses of EGP 109.90 million in H1-24. Loss per share increased to EGP 0.93 from EGP 0.09. Non-consolidated revenues witnessed an annual plunge to EGP 499.42 million in H1-25 from EGP 3.60 billion. Financials for Q2-25 During the second quarter (Q2) of 2025, the consolidated net profits climbed to EGP 4.54 billion from EGP 4.45 billion in Q2-24, while the basic and diluted EPS dropped to EGP 1.82 from EGP 1.94. Meanwhile, the company turned profitable at EGP 2.65 billion in Q2-25, versus net losses of EGP 754.03 million a year earlier. In the three-month period that ended on 31 March 2025, Elsewedy Electric posted 4.20% YoY higher consolidated net profits after tax and minority interest at EGP 4.14 billion, versus EGP 3.97 billion.
Zawya
04-08-2025
- Business
- Zawya
Saudi: SIIG's net profits plunge to $10.13mln in H1-25
Riyadh - The net profits of Saudi Industrial Investment Group (SIIG) hit SAR 38 million in the first half (H1) of 2025, lower by 58.69% year-on-year (YoY) than SAR 92 million. Earnings per share (EPS) amounted to SAR 0.05 as of 30 June 2025, versus SAR 0.12 in H1-24, according to the financial results. Financials for Q4-24 In the second quarter (Q2) of 2025, SIIG logged net profits valued at SAR 20 million, an annual drop of 68.75% from SAR 64 million. On a quarterly basis, the Q2-25 net profit climbed by 11.11% from SAR 18 million in January-March 2025. During the 12-month period that ended on 31 December 2024, SIIG posted 79.46% YoY higher net at SAR 201 million, compared to SAR 112 million. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Zawya
01-08-2025
- Business
- Zawya
QCB issues treasury bills worth $357mln
Qatar Central Bank (QCB) has issued treasury bills for maturities of 7 days, 28 days, 91 days, 189 days, 252 days, and 336 days, worth QR1.3 billion. In a post on X platform on Thursday, QCB said that the treasury bills issued were distributed as follows: QR500 million for a 7-day term (New Issuance) at an interest rate of 4.610 percent, QR200 million for a 28-day term (New Issuance) at an interest rate of 4.611 percent, QR200 million for a 91-day term (Tap Issuance) at an interest rate of 4.546 percent, QR200 million for a 189-day term (Tap Issuance) at an interest rate of 4.461 percent, QR100 million for a 252-day term (Tap Issuance) at an interest rate of 4.415 percent, and QR100 million for a 336-day term (Tap Issuance) at an interest rate of 4.365 percent. According to QCB, the total auction bids for the treasury bills amounted to QR4.4 billion.
Zawya
31-07-2025
- Business
- Zawya
Central Bank of Egypt unveils $1.84bln T-bills end-week
Cairo – The Central Bank of Egypt (CBE) issued treasury bills (T-bills) with an aggregated value of EGP 90 billion through two tranches on Thursday, 31 July. The first auction stood at EGP 40 billion and will mature in 182 days on 3 February 2026, according to official data. Meanwhile, the second offering was valued at EGP 50 billion, holding a tenor of 364 days until 4 August next year. On 27 July, the CBE auctioned T-bills with a combined value of EGP 80 billion through two offerings. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Zawya
28-07-2025
- Business
- Zawya
Jazeera Airways offers 100,000 seats on sale
Kuwait low-cost carrier Jazeera Airways has announced a mega sale, offering 100,000 seats for a limited period at competitive fares across its extensive network covering the Middle East, Asia, and Europe. This limited-time sale runs for the next four days starting from today (July 27) and is valid for travel between August 1 and September 30, 2025. One-way flights will be available starting from just KWD14 (BHD17). Paul Carroll, Chief Commercial Officer, Jazeera Airways, commented: 'We are incredibly excited to launch this Mega Sale, designed specifically to broaden travel opportunities and enhance convenience for even more of our customers. By making 100,000 seats available at such remarkable fares, we are actively making the dream of a getaway or an important trip a more attractive and achievable reality." Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
