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اليوم السابع
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Investors pour billions into Gormeh and Abour Land
The article discusses the financial performance results of several companies listed on the Egyptian Stock Exchange during the first half of 2026. It showed a notable improvement in the financial performance of multiple sectors, especially transportation, basic resources, and food and beverages. For instance, EFG Hermes experienced a revenue growth of 36.5%, with net profits reaching 85 million pounds compared to 16.9 million pounds, representing an increase of 401.7%. Kima recorded record revenues of 11.2 billion pounds, with net profits rising to 1.9 billion pounds. Meanwhile, some companies shifted from losses to profits, such as Egyptian Fertilizers, which achieved a net profit of 13.8 million pounds. However, the tourism sector experienced a decline in net profits despite an increase in revenues. The banking sector saw profit growth, although Al Baraka Bank's net profit decreased due to rising expenses. Overall, the results revealed variations in company performance, with strong growth rates in certain sectors and some firms transitioning from losses to profits, despite rising expenses and weaker net profits in some cases.
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