EDITA - EFID
EFID announced today that according to the disclosure dated 26/2/2023 to acquire 100% of another food industries company, the company is finalizing the acquisition, and a disclosure will be sent after the transaction takes place.
EFG- Hermes - HRHO
Announced its 1Q-2023 results recording a +110% in Net Profits Q-on-Q, EGP 936 MN 1Q-2023 Vs. 445 MN 1Q-2022.
The extraordinary general meeting approved the increase of the authorized capital from EGP 6 bn to EGP 30 bn and the issued and paid capital from EGP 5,838,424,030 to EGP 7,298,030,040, through the transfer of EGP1,459,606,010 from the retained earnings account as at 31/12/2022 to the capital increase account and distributing 291,921,202 bonus shares representing (1) bonus share for every 4 shares held by each shareholder.
The EGM ratified the proposed change in the Company’s name from EFG Hermes Holding to EFG Holding, and amending article (2) of the Company’s Statutes accordingly
Orascom Construction - ORAS
A consortium of Orascom Construction and Metito will, together with the Abu Dhabi National Oil Company PJSC (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA), develop, own, and operate a large-scale seawater treatment and water transportation project worth up to $2.4 billion in the Emirate of Abu Dhabi, UAE. Orascom Construction is the consortium leader.
Ibnsina Pharma - ISPH
ISPH released its 1Q-2023 earnings with a +22.2% surge in net profits Q-o-Q reaching EGP 72.6 MN in 1Q-2023 Vs. EGP 59 MN 1Q-2023.
Heliopolis Housing - HELI
HELI announced its 1Q-2023, recording an outstanding net profit of +512%, reaching EGP 194 MN Vs. 1Q-2022, which recorded EGP 3 MN
Egyptian International Pharmaceuticals (EIPICO) - PHAR
Net Profit +8% Q-o-Q reaching EGP 188 MN Vs. EGP174 1Q-2022
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