Day: فبراير 19, 2024

The Clap
Many EGX-listed companies made headlines yesterday for dividends distribution. Here’s a quick roundup:
QNB Al Ahli: The bank changed the dividends given out from EGP 1.5 per stock to EGP 1 per stock
Now What? The company is still pending the general assembly’s approval
Zahraa Maadi: For the shareholders, Christmas came early this year. The company will give out dividends worth EGP 0.15 per share and a free share for every owned share
Yet this bonus hinges on the approval of the company’s suggestion to increase its capital from EGP 528 million to EGP 1 billion
Earnings: Zahraa Maadi’s net profits jumped by 24% YoY in 2023, reaching EGP 324.2 million
Alexandria Container and Cargo Handling: The company will allocate USD 22.5 million for dividends, paid through two coupons–one worth EGP 1.9 per share and the other is the EGP equivalent of USD 0.01 per share stock
By the way, the EGP equivalent will be paid based on the official exchange rate

تشكيلة توزيعات أرباح: QNB الأهلي، زهراء المعادي والإسكندرية لتداول الحاويات

Salma Arafa فبراير 19, 2024

MOPCO’s net profits up by 55.8% YoY

صافي ربح موبكو ارتفع بـ55.8% على أساس سنوي

Mohamed Abdallah فبراير 19, 2024

The Clap
EGX-listed Eastern Company has increased its cigarette prices by up to 19%.

What
Last Friday, Eastern Company increased the prices of Cleopatra packs by EGP 3, to now stand at EGP 30, and spiked the prices of Pall Mall and Viceroy by EGP 8 to EGP 50, as per its statement.

Eastern’s Rationale
The price increase is due to the fluctuations in raw materials and the hike in production costs, said Hany Aman, the CEO of Eastern Company in the statement. Aman also justified it on AlHadath Alyoum by saying that some of the raw materials’ prices increased by 400%.

Some Context
Prior to Eastern Company’s price hikes, Philip Morris increased their prices by up to 18% last Monday and Al Mansour International Distribution Company by up to EGP 10 last Wednesday.

الشرقية للدخان رفعت أسعارها بنسب تصل لـ19%

Mohamed Abdallah فبراير 19, 2024

Vodafone Egypt got approval to boost stake in Basata’s subsidiaries

فودافون مصر حصلت على موافقة المركزي لزيادة حصتها في بساطة

Salma Arafa فبراير 19, 2024

تداول

جي إف إتش تستعد لإدراج أسهمها في السوق السعودية 🚀

Eslam Nour فبراير 19, 2024

قد نرى “السعودية العالمية للموانئ” في بورصة الرياض 🚢

Eslam Nour فبراير 19, 2024

Egyptian Media Production City’s net profits up by 77% YoY

أرباح مدينة الإنتاج الإعلامي ارتفعت بنسبة 77% على أساس سنوي

Omar Amin فبراير 19, 2024

MOPCO (Misr Fertilizers Production Co) Realeased its 2023 Standalone Earnings

ارباح موبكو فاقت الإيرادات

Ahmad Diaaeldin فبراير 19, 2024