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Dice’s profits exceed EGP 900 million in 2024
Dice Sport & Casual Wear (DSCW) reported net profits exceeding EGP 900 million last year, marking an annual increase of approximately 100%.
Strong Results
- Sales grew by 68%, nearing EGP 6 billion.
- Earnings per share jumped to EGP 0.5, compared to EGP 0.26 in 2023.
Board Decisions
- Distribution of bonus shares for 2024 profits at a ratio of half a share per share.
- Establishment of a Dice subsidiary in Morocco for garment trading and distribution, with a capital of $500,000 and a 90% ownership stake.
About Dice
Founded in 1997, the company specializes in manufacturing knitted garments for men, women, and children. It operates as both a retailer and wholesaler in the local market while also exporting internationally.
Cleopatra Hospital profits surge 74% last year
Cleopatra Hospital (CLHO) recorded a 74% year-on-year increase in net profits, surpassing EGP 817 million.
A Remarkable Year
- Revenues exceeded EGP 5 billion in 2024, up by 51%.
- Earnings per share rose to EGP 0.39, compared to EGP 0.22 in 2023.
Born a Giant
Cleopatra Hospitals Group was established in 2014 as the largest private hospital group in Egypt in terms of bed capacity and operational hospitals, according to the company’s website.
Misr Chemical Industries (MICH) aims to achieve a net profit of EGP 486 million in the 2025/2026 fiscal year.
Company’s Budget Plan
- Targeting total sales of EGP 1.2 billion.
- Projecting total revenues of EGP 1.3 billion.
Solid Performance
The company’s net profits rose 17% year-on-year during the first eight months of the current fiscal year, surpassing EGP 374 million. This growth was driven by higher product prices, increased financial income, and foreign exchange gains.
A Promising Sector
Egypt’s exports of chemical industries and fertilizers exceeded $7 billion in the first 10 months of 2024, reflecting an annual increase of nearly 7%. The government aims to boost exports by around 10% this year, capitalizing on growing global demand for fertilizers and petrochemical products, alongside improved local production and supportive export policies.
What else is clapping?
- ADIB Egypt to double capital to EGP 12 Billion
The General Assembly of Abu Dhabi Islamic Bank – Egypt (ADIB) has approved a proposal to increase its issued and paid-up capital from EGP 6 billion to EGP 12 billion, distributed over 600 million shares.
The increase will be executed through bonus shares funded by last year’s profits, at a ratio of one bonus share for each existing share.
The bank’s net profit surged by approximately 93% year-on-year in 2024, exceeding EGP 9 billion.
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