Tag: retail

  • SPMC turns profitable in H1

    SPMC turns profitable in H1

    Saudi Paper Manufacturing Company (SPMC) reported its interim financial results for the first half of 2019. The company achieved profits of SAR 8.02 million in H1-19, against losses of SAR 5.59 million in H1-18, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Monday. Total revenues inched down 0.29% to SAR 276.9 […]

  • Extracted Oils posts 8.3% profit rise in FY 18/19

    Extracted Oils posts 8.3% profit rise in FY 18/19

    The unaudited financial statements of Extracted Oils & Derivatives Company (Extracted Oils) revealed an 8.3% year-on-year increase in profit during fiscal year 2018-2019. Extracted Oils registered net profits worth EGP 22.47 million since the beginning of July 2018 until the end of June 2019, compared to EGP 20.75 million in FY 2017/18, the company disclosed […]

  • eXtra posts SAR 106m profits in 6M

    eXtra posts SAR 106m profits in 6M

    United Electronics Company (eXtra) reported its interim financial results for the first six months of 2019. Net profits after zakat and tax jumped 58.9% to SAR 72.5 million during the second quarter of 2019, compared to SAR 45.6 million in Q2-18, according to a bourse filing on Sunday. The company attributed the rise in profits […]

  • Misr Oils and Soap turns to losses in FY18/19

    Misr Oils and Soap turns to losses in FY18/19

    Misr Oils and Soap announced turning to losses during fiscal year 2018/2019, according to the company’s unaudited financial results. The company suffered losses of EGP 10.125 million in the twelve-month period ended 30 June, against a profit of EGP 1.8 million in the year-ago period, according to a filing to the Egyptian Exchange (EGX) on […]

  • Farm Superstores renews SAR 130m loan with Alinma Bank

    Farm Superstores renews SAR 130m loan with Alinma Bank

    Saudi Marketing Co (Farm Superstores) announced renewing its sharia-compliant facility agreement with Alinma Bank. The SAR 130 million loan deal has been extended to 30 April 2020, the company said in a statement to the Saudi Stock Exchange (Tadawul) on Thursday. The facility will be used to meet the requirements of the company’s working capital, […]

  • Today: Opening OPR market for buying back National Maize Products at EGP 61.69

    Today: Opening OPR market for buying back National Maize Products at EGP 61.69

    EGX Administration announced that it will open the OPR market to recorded selling orders of El National Company for the Maize Products (NCMP) at EGP 61.69 per share. The OPR will be opened starting July 18, 2019, till ending of trading session July 25, 2019. It is worth to mention, the listing committee ratified conducting […]

  • Egypt Free Shops’ board proposes EGP 99.9m dividends for FY18/19

    Egypt Free Shops’ board proposes EGP 99.9m dividends for FY18/19

    Egypt Free Shops announced that its board of directors recommended a cash dividend distribution of EGP 1.06 per share to shareholders for fiscal year 2018/2019. Total proposed dividends amounted to EGP 99.889 million for FY18/19, compared to EGP 85.722 million for FY17/18, the company said in a statement to the Egyptian Exchange (EGX) on Wednesday. […]

  • Pharos advises on Spinneys Egypt’s acquisition deal

    Pharos advises on Spinneys Egypt’s acquisition deal

    Pharos Investment Banking acted as the exclusive sell-side advisor to the selling shareholders of Spinneys Egypt in the sale of a controlling stake in the grocery retailer to Investec Asset Management (IAM), according to a statement on Monday. The supermarket chain has 13 outlets in Egypt, including two hypermarkets and 11 supermarkets. The value of […]

  • Union Coop’s H1 net profit surges 20pc

    Union Coop’s H1 net profit surges 20pc

    Union Coop, the largest consumer co-operative in the UAE, said it has registered a net profit of Dh284.6 million ($77.4 million) for the first half of 2019, up 20 per cent over the last year’s figures of Dh237.7 million ($64.7 million). Announcing the results for the first six months, Union Coop said the increase in […]

  • Landmark Group to launch 5 top brands in Doha Mall

    Landmark Group to launch 5 top brands in Doha Mall

    Qatar-based Al Mana Malls has announced that Landmark Group will open its popular brands Centrepoint, Home Centre, Max Fashion, Shoexpress and Steve Madden at its upcoming shopping and leisure destination, Doha Mall. Doha Mall will be home to more than 250 retail stores, with over 14 anchor stores, a new FLiK Cinemas concept, 12 cinema […]