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SODIC requests trading halt on its shares today
- What: SODIC (OCDI) has asked the Egyptian Exchange to suspend trading on its shares starting today. The halt will remain in place until new shares from a capital increase—resulting from the merger of seven subsidiaries—are registered and the company’s data is updated.
- So What: This move follows SODIC’s May announcement to merge seven subsidiaries, boosting authorized capital from EGP 2.8 billion to EGP 25 billion. Issued and paid-up capital will jump from EGP 1.424 billion to EGP 5.157 billion, divided into roughly 1.289 billion shares.
- Now What: The net equity from the merger will be distributed among existing shareholders based on their ownership. Each pre-merger share will convert into about 2.619 post-merger shares, effective Thursday.
Orascom Development’s Q2 Revenues Drop to EGP 5 Billion
- What: Q2-2025 revenues fell 16% YoY to EGP 5.1bn, mainly due to the absence of large land sales seen in Q2-2024. Hotels and recurring income delivered strong growth, while net real estate sales rose 9% YoY to EGP 7.5bn despite lower recognized real estate revenue.
- So What: The revenue drop was driven by timing and sales mix rather than demand weakness. Hospitality and recurring segments are now the main growth engines, generating strong margins that keep profits and EBITDA healthy.
- Now What: The company’s strategy remains focused on high-margin real estate sales, stable payment terms, and selective land deals that add destination value. Hotels, particularly in El Gouna, are expected to maintain high occupancy (75%+) for the rest of 2025, supporting continued dividend payouts.
📊 Here are the company’s full results.
- What: Madinet Masr (MASR) recorded historic contractual sales exceeding EGP 21 billion in the first half of the year, with revenues up 7% to nearly EGP 5 billion. Net profit came in at over EGP 1 billion.
- So What: While total sales were up just 1% year-on-year, second-quarter sales surged 65% to EGP 10 billion. However, net profit fell around 12% annually, and the profit margin declined by 5.7 percentage points.
- Now What: CEO and Managing Director “Abdullah Salam” reaffirmed the company’s commitment to expansion plans and timely project delivery, alongside strengthening its financial position and investing in innovative digital real estate solutions to meet customer needs.
📊 Here are the company’s full results.
- What: Rameda (RMDA) posted a net profit of EGP 185 million in the first half of the year, with revenues reaching nearly EGP 2 billion.
- So What: Net profit grew 50% year-on-year, while revenues jumped 79%, reflecting strong operational performance and growth momentum.
- Now What: Managing Director “Amr Morsy” said the focus for the second half will be on launching new products, capitalizing on recent acquisitions, and exploring more opportunities to strengthen Rameda’s competitive position and deliver long-term value to shareholders.
📊 Here are the company’s full results.
- What: Snack food giant Edita (EFID) saw its net profit surge to around EGP 588 million in Q2 2025, driven by a rise in revenues to EGP 5 billion.
- So What: Net profit jumped over 66% year-on-year, while revenues climbed more than 22%, reflecting strong market demand and solid operational performance.
- Now What: Mona Shams El Din, Head of Investment and Corporate Affairs at Edita, told Hapi newspaper that the company plans to expand production capacity in Egypt to meet growing demand and benefit from improved consumer purchasing power. With inflation easing and economic indicators improving, the company sees strong tailwinds for the food sector in the coming period.
📊 Full company results are available here.
- What: Cairo Poultry (POUL) posted revenues of nearly EGP 8 billion in the first half of 2025, delivering record net profits of about EGP 2 billion.
- So What: Revenues grew 16% year-on-year, while net profit jumped 48%, reflecting strong sales performance and improved profitability.
- Now What: The company is expected to continue benefiting from strong local demand and improved selling prices for its products in the second half of the year.
📊 Full company results are available here.
- What: Delta Sugar (SUGR) posted net profits exceeding EGP 1 billion in the first half of 2025, supported by a surge in revenues to over EGP 5 billion.
- So What: Revenues skyrocketed by more than 380% year-on-year, while net profit rose around 27%, reflecting both higher sales volumes and stronger pricing.
- Now What: The company is expected to benefit in the second half from sustained strong local sugar demand and improved selling prices.
📊 Full company results are available here.
- What: Al Baraka Bank Egypt (SAUD) reported net profits of nearly EGP 2 billion in the first half of 2025, driven by growth in income from Murabaha, Mudaraba, Musharaka, and similar revenues to over EGP 11 billion.
- So What: Net profit rose 47% year-on-year, while revenues increased by more than 29%, reflecting strong performance across the bank’s Islamic finance activities.
- Now What: The bank is expected to continue expanding its financing and investment activities, focusing on growing Islamic banking products and services to support future growth.
📊 Full bank results available here.
What else is clapping?
- Edita and Arabian Cement Repurchase Treasury Shares
Edita Food Industries (EFID) and Arabian Cement (ARCC) bought back treasury shares on Monday.
Edita purchased 180,000 shares, and Arabian Cement purchased about 124,000 shares.
These buybacks aim to support the share prices and signal management’s confidence in the companies’ future performance.
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