2023-08-15 15:08:32
“Emaar Misr”
The net profit of Emaar Misr Development Company, which operates in the field of real estate development, increased by 13.3% on an annual basis during the first half of 2023 compared to the same period last year.
According to a disclosure from the company to the Egyptian Stock Exchange on Tuesday, the company’s net profit rose to approximately 3.49 billion pounds (about 112.9 million dollars) during the first half of the year, compared to about 3.08 billion pounds in the same half of last year.
Emaar Misr is a subsidiary of the Emirati Emaar Real Estate Group, which was founded by businessman Mohamed Alabbar, and one of its most prominent projects in Egypt is “Uptown Cairo” in Cairo, next to the Marassi project on the Mediterranean coast.
“e-finance”
The “e-finance” company for financial and digital investments recorded during the first half of 2023 an increase in net profit after minority interests by 49.8% on an annual basis, to about 718.4 million pounds ($ 23.2 million), according to a disclosure from the company to the Egyptian Stock Exchange on Tuesday.
The company’s revenues jumped by 37.5% on an annual basis during the first half of the year, to reach 1.7 billion pounds.
During the second quarter, the company’s net profits after minority interests increased by 56.2% on an annual basis, to reach 436.4 million pounds, and revenues increased during the second quarter by 37.7%, to reach 967.5 million pounds.
The e-finance group was established in 2005 as a company specialized in developing and managing the technological infrastructure for digital financial transactions, and it is responsible for managing and operating the Egyptian government’s financial network.
And “e-finance” is among the companies in which the Saudi Egyptian Investment Company – wholly owned by the Saudi sovereign wealth fund – acquired a minority stake in it in August 2022.
“Dummy”
The consolidated net profits attributable to the shareholders of the Egyptian Food Industries Company, “Domty”, jumped by about 127%, during the first half of 2023, to reach 252.2 million pounds (about 8.2 million dollars), compared to 111.1 million pounds during the same half of last year.
According to the company’s financial statements announced on Tuesday, Domty’s sales rose during the first half of the year by about 46.3% on an annual basis, to 3.32 billion pounds.
During the second quarter, the company’s net profits rose by 66% year-on-year to EGP 100.83m, while sales increased during the same period by 36.5% year-on-year to EGP 1.57bn.
Domty was established in 1988 in Egypt, and it is listed on the Egyptian Stock Exchange, and it works in the production of white cheese, juices, beverages, and baked goods.
(Prepared by: Jihan Laghmari, Edited by: Maryam Abdel-Ghani, Contact: [email protected])
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