The Egyptian Stock Exchange news today, Wednesday 15-6-2022

The “Amwal Al-Ghad” portal revised the most prominent news of the Egyptian Stock Exchange today, Wednesday 15-6-2022, as the main index of the Egyptian Stock Exchange EGX30 fell by 0.11% on Wednesday at the end of trading, which closes. at 9,969 points, making it the third consecutive session to end below the 10,000-point level.

The index of small and medium-sized companies EGX70 rose by 0.88% to close at 1870 points, and the EGX100 rose by 0.66% to 2760 points.

Maridive’s independent losses decreased by 45% during the first quarter of 2022

The Maridive and Petroleum Services Company – Maridive said that losses decreased by 45% and reached $ 5 million during the first quarter of 2022, compared to $ 9 million in the same period last year.

The company explained, in a statement sent to the Egyptian Stock Exchange today, that the independent company’s operating income increased by 11% during the first quarter of 2022, to total revenue of $ 11 million, compared to $ 10 million during the comparative period, according to the company’s unaudited business results.

Rameda announces acquisition of anti-seizure drug, raising its market growth rate to 49%

Tenth of Ramadan Pharmaceutical Industries and Diagnostic Products – Rameda, has announced the acquisition of a drug product belonging to the family of anti-convulsant drugs.

The company said in a statement sent to the Egyptian Stock Exchange today, Wednesday, that its acquisition of the pharmaceutical product comes within the framework of an announced growth strategy adopted by the company, which aims to increase its therapeutic products- to develop portfolio.

Electric Cables intends to establish a commercial branch in Hurghada

The board of directors of the Egyptian Electric Cable Company has decided to establish a commercial branch for the company in Hurghada, according to a statement sent to the Egyptian Stock Exchange today.

Previously, the profit of Egyptian electric cables during the first quarter of this year rose to 71 million pounds.

Arab Dairy’s profit fell 62% in the first quarter

The consolidated financial indicators of the Arab Dairy Company, Arab Dairy – Panda, showed a decrease in its profit of 61.9% year – on – year during the first quarter of this year.

The company said in a statement sent to the Egyptian Stock Exchange today that it had recorded a net profit of £ 3.18 million from the beginning of January to the end of last March, compared to a profit of £ 8.36 million during the same period last year. year.

Arab Engineering Industries: End of right to distribute free shares next July

The Arab Company for Engineering Industries said the end of the right to distribute the free shares arising from the capital increase by closing the session on Sunday, July 3rd.

The company explained in a statement sent to the Egyptian Stock Exchange today, Wednesday, that it had decided to distribute the free shares at a rate of 0.3333 free of charge for each original share before the increase, from Monday, 4 July, next, explains that the fractions in favor of the small shareholders will be corrected from the smallest to the largest until stocks run out.

Atlas Investment becomes profitable during the first quarter

The “revised” consolidated financial indicators of Atlas Investment and Food Industries, during the first quarter of this year, showed the company’s transformation from losses to profitability on an annual basis.

The company added in a statement to the Egyptian Stock Exchange today, Wednesday, that it had made a net profit of 23.67 thousand pounds during the period from January to the end of last March, compared to losses of 1.33 million pounds during same period last year.

Al-Nasr for the production of agricultural crops explains the latest developments in the country Sohag

The Nasr Agricultural Crop Production Company said the Ministerial Committee for the Settlement of Investment Disputes on April 26 rejected the company’s request to overturn the decision issued by the West Sohag district, which is considered the company’s onion factory grounds. cancel. public interest and may not be disposed of.

The company explained in a statement to the Egyptian Stock Exchange today, Wednesday, that it had lodged an appeal and a grievance against the decision of the Immunization Settlement Committee on May 26 and resubmitted it to the Committee, and on June 14, the company was notified of the acceptance of the appeal and the grievance, and a hearing was scheduled for the present June 19 for consideration, with notice that the company filed an appeal to the Administrative Court on June 14. filed due to the lack of the contested decision because it was issued by an unauthorized person.

More than £ 400 million, an increase in deposit balances at Mina Pharm for Pharmaceuticals

Albert Sami, director of investor relations at Mina Pharm for Pharmaceutical and Chemical Industries, revealed that bank deposit balances increased by more than £ 400 million during the first quarter of the year, including deposits in dollars, euros and Egyptian pounds.

In exclusive statements to “Amwal Al-Ghad”, Sami added that the total cash balances at banks during the first quarter of this year amounted to £ 1.382 billion, compared to £ 981.94 million at the end of December 2021.

“Financial Supervisory Authority” suspends trading in “New Ismailia” shares

The “Finance Control” canceled the operations, offers and requests made during today’s session, on the shares of the New Ismailia Company for Development and Urban Development – a split company, with the suspension of trading on the stock until the government’s queries have been answered.

The government, according to a statement on Wednesday, addressed the New Ismailia Company, the need to provide it with the timetable for the income arising from engaging in the activity and the various scenarios to achieve it, as well as its detailed plans. and maximize disclosure. in a quantitative way so that clients can make their investment decisions.

Egyptian iron and steel changed the company’s acting liquidation

The Egyptian Iron and Steel Company announced the change of person in charge of the liquidation of the company, explaining that it had been decided to appoint Hisham Nazmi Suleiman Fahmy to take over the work of the Egyptian Iron and Steel Refinery – under liquidation – to carry out instead of Mustafa Hassan Mahmoud Omar until the proceedings are completed, according to a statement sent to the Egyptian Stock Exchange today.

It is noteworthy that Egyptian Iron and Steel recorded losses of £ 437.05 million during the period from July to the end of last December, compared to losses which amounted to £ 478.18 million during the same period of the previous financial year.

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