The Clap:
The latest financial results for EGX listed companies.
Egyptian Financial and Industrial Company’s unaudited Q1 earnings .
Revenues: EGP 780 million a 103% increase YoY.
Gross Profit: EGP 371 million, a 208% increase YoY.
Gross Profit Margin: 48% compared to 31%
Net Profit: EGP 71 million, a 19% decrease YoY.
Abu Qir Fertilizers Q3 2023/24 earnings
Revenues declined by 19% YoY to EGP 14 billion during the first 9 months on the back of lower export price for fertilizers
Net profits declined by 3.2% YoY to EGP 12.14 billion during the period
Credit Agricole published its preliminary Q1 earnings
Net interest income increased by 79% YoY to EGP 2.7 billion during Q1 compared to EGP 1.5 billion the year before.
Net profits recorded EGP 2.3 billion, an 88% increase YoY
Return on average equity (ROAE) increased by 14% compared to last year recording 61.5%
Canal Shipping Agencies Q3 2023/24 earnings
Revenues rose by 32% YoY to EGP 77 million during the first 9 months
Net profits rose by 165% YoY to EGP 574 million on the back of higher investment income from the company’s investment in Damietta and Port Said Container Handling Companies
