Egyptian Resorts Company Swings to Profits in Q1

Egyptian Resorts Company (ERC) posts consolidated net profits of EGP 66.08 mn during the first quarter of 2017, against losses worth EGP 1.42 mn in the prior-year period, Invest-Gate reports.

HDB Profits Grow 203% in Q1

Egypt’s Housing and Development Bank (HDB) posts consolidated profits of EGP 556.8 mn in Q1 of 2017, up 203% y-o-y from EGP 183.7 mn, Invest-Gate reports.

Ezz Steel Turns Profitable in 2016

Egyptian steelmaker Ezz Steel achieved consolidated net profits of EGP 560.15 mn during the fiscal year ending on December 31, 2016, against net losses of EGP 603.3 mn a year earlier, Invest-Gate reports.

TMG Posts Net Profit of EGP 288.5 mn in Q1

Egypt’s real estate developer Talaat Mostafa Group (TMG) Holding Co. posts consolidated net profit after tax of EGP 288.5 mn in the first quarter of 2017, compared to EGP 207.8 mn in the same period a year earlier, I ...

OHD reports net loss of EGP 499.5 mn

Egypt’s real estate developer Orascom for Hotels and Development has turned from profits to losses in 2016 due to the EGP flotation in November, Invest-Gate reports.

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