Latest news with #netprofits
Zawya
13 hours ago
- Business
- Zawya
Egypt: Contact's consolidated profits jump 305.4%YoY in Q1 2025
Contact Financial Holding recorded 305.408% higher consolidated net profits attributable to the owners at EGP 58.406 million in the first quarter (Q1) of 2025, according to the financial results. The quarterly profits were compared with EGP 14.406 million in Q1 2024. Earnings per share (EPS) increased to EGP 0.05 at the end of March 2025 from EGP 0.01 a year earlier. Meanwhile, net interest income jumped to EGP 269.484 million from EGP 239.178 million. As for the standalone business, the company's net losses hiked to EGP 12.174 million in Q1 2025 from EGP 3.858 million in Q1 2024. Loss per share declined to EGP 0.010 in the first three months of 2025 from EGP 0.003 in the year-ago period. Contact Financial Holding management commented: 'Contact's strong first-quarter results reflect the impact of our strategic pivot toward higher-margin products and the resilience of our business model, supported by gradually improving economic conditions.' 'The group's net income surged by an impressive 306% YoY increase, coupled with the exceptional performance from our insurance division, which recorded a 767% increase in net income to reach EGP 43mn.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
2 days ago
- Business
- Zawya
Egypt: Misr Duty Free Shops targets $4mln profits for FY2025/26
Arab Finance: Misr Duty Free Shops' board of directors approved the estimated budget for fiscal year (FY) 2025/2026, targeting net profits after tax amounting to EGP 234.017 million, as per a bourse filing. This amount is lower than the EGP 395.488 million profits planned for FY 2024/2025. Meanwhile, the EGX-listed firm aims to generate total sales valued at EGP 1.607 billion at the end of June 2026, compared to EGP 1.320 billion a year earlier. Established in 1975, Misr Duty Free Shops is engaged in the import and sale of duty-free goods in foreign and local currencies. The public shareholding company also sells products to consumers without being exempted from taxes in sales fairs at air, sea, and land ports. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
Egypt: EGYtrans' standalone profits plunge 96.1% YoY in Q1 2025
Arab Finance: Egyptian Transport and Commercial Services Company (EGYtrans) recorded standalone net profits after tax worth EGP 5.255 million in the first quarter (Q1) of 2025, as per the financial results. The generated profits were lower by 96.1% year-on-year (YoY) than EGP 133.048 million. Basic earnings per share (EPS) retreated to EGP 0.03 in Q1 2025 from EGP 0.85 in Q1 2024. The sales hiked by 47% YoY to EGP 266.512 million at the end of March 2025 from EGP 181.291 million. Regarding the consolidated results, EGYtrans posted 230.14% YoY higher consolidated net profits attributable to the owners at EGP 204.560 million in Q1 2025, compared to EGP 61.961 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
Egypt: Giza General Contracting records 36.4% YoY higher consolidated profits in Q1 2025
Arab Finance: Giza General Contracting and Real Estate Investment Company posted 36.40% year-on-year (YoY) higher consolidated net profits attributable to the holding company in the first quarter (Q1) of 2025, as per the financial results. The quarterly earnings recorded EGP 21.321 million at the end of March 2025, compared to EGP 15.631 million. Earnings per share (EPS) increased to EGP 0.015 from EGP 0.011, while the revenues hiked to EGP 239.842 million from EGP 201.794 million. As for the standalone business, the company's net profits after tax dropped to EGP 14.519 million in Q1 2025 from EGP 18.189 million in Q1 2024. Non-consolidated EPS plunged to EGP 0.009 from EGP 0.011, whereas the revenues jumped to EGP 239.842 million from EGP 201.794 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
3 days ago
- Business
- Zawya
BCI names new Chairman, Vice Chairman
Riyadh: Basic Chemical Industries Company (BCI) appointed Abdullah Mhana Al Muaibid and Tareq Ali Al Tamimi as the board's Chairman and Vice Chairman, respectively. The board members elected the two officials for a new term that commenced on 15 June 2025, according to a bourse disclosure. Al Muaibid and Al Tamimi will remain in position for three years until 14 June 2028. In the first quarter (Q1) of 2025, BCI recorded 72.25% year-on-year (YoY) lower net profits at SAR 2.86 million, compared to SAR 10.31 million.
