The Index:
EGX30 Index Closes Down 847 Points, a Decline of 3.26%, Ending at 25,155 Points
*Market Map Data as of 12/05/2024 session close
Alexandria Containers and Goods (ALCN) Reports +26% Surge in Net Profit for 9M-23/24
Alexandria Containers and Goods (ALCN) has reported its unaudited earnings for the fiscal period from July 1, 2023, to March 31, 2024. The company has witnessed a surge in net profit, marking a 26% increase. Totaling EGP 4.02 billion for the period, this figure stands higher compared to EGP 3.19 billion reported for the corresponding period last year.
ADIB Egypt Posts Stellar 1Q-2024 Earnings: Profit Soars 110% to EGP 2.11 Billion
Abu Dhabi Islamic Bank of Egypt (ADIB) has unveiled its audited consolidated earnings for the first quarter of 2024, showcasing a surge of 110% in profit, reaching EGP 2.11 billion compared to EGP 1.0 billion for the corresponding period last year. Additionally, the earnings per share stood at EGP 3.71 per share, compared to EGP 2.13 per share in the same period last year.
Heliopolis Housing and Development Board Approves Cash Dividend Proposal for Fiscal Year 2023, Pending AGM Approval
The board of directors of Heliopolis Housing and Development convened on May 9, 2024, to discuss and approve the profit distribution proposal for the fiscal year ended December 31, 2023. Following deliberations, the board unanimously approved a cash dividend of EGP 1.34148742 per share, to be distributed in a single installment, marked as coupon number 29. It's worth noting that the proposal of the cash dividends will be subject to approval at the next Annual General Meeting (AGM)
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