Profits
The CBE stated in a recent report issued on Wednesday, the banks’ net revenues amounted to about LE 331.202 billion at the end of December, compared to LE 225.807 billion at the end of September.
As per standalone results, the company recorded profits of LE 120.41 million, compared to LE 186.23 million during 2020.
As for the standalone results, the losses of the independent company declined during 2021 to reach LE 2.41 million, compared to losses amounting to about LE 9.03 million during 2020.
As for the standalone profits, the company recorded profits of LE1.1 billion during 2021, compared to LE 2.3 billion during 2020.
The profit growth was ascribed to higher net interest income by 3% to LE 7.7 billion in the third quarter compared to LE 7.5 billion in the corresponding period of 2020.
As for standalone results, the company profits rose to LE 300.28 million during January-June 2021, compared to LE 253.6 million in the period of 2020.
As per standalone results, the company's profits rose during the period from January to September to record LE 2.81 billion, compared to LE 1.18 billion during the same period last year.
As for the standalone results, the company turned into loss during the first six months of 2021, recording losses of LE 17.88 million, compared to LE 146.6 million in profits during the comparable period from 2020.
It achieved revenues of LE 161.27 million during the period from the beginning of its establishment to June 30, 2021.
As per standalone results, the company recorded losses of $13.11 million during January/June period of 2021, compared to losses of $6.69 billion in the same period of prior year.
As per standalone profits, AMER recorded profits of LE 26.19 million in 2021 period, down from LE 41.4 million in 2020 period.
Currently, the company is working towards the target of producing 400,000 and 430,000 gold bars by the end of 2021.
CBE’s data indicated that the activity’s revenues amounted to LE 117.296 billion during the first 3 months of 2021, while total expenditures recorded about LE 87.305 billion.
The company’s revenues rose to LE 348.99 million, compared to LE 257.99 million during the same period of 2020.
It recorded a net profit of LE 769.49 during the first quarter of 2021, compared to profits of LE 463.69 million during the first quarter of 2020, taking into account minority rights.
The company targets total sales during the next fiscal year of LE 11.29 billion, compared to sales of the approved plan for the current fiscal year amounting to LE 10.53 billion, and sales expected to be achieved worth LE 10.21 billion in the current fiscal year.
Net profits recorded LE 11 billion in 2019/20 after paying taxes worth LE 13 billion.
GlaxoSmithKline's consolidated financial statements revealed that, the company's net profit declined by 80 percent year-on-year during 2020.
As per standalone results, Orascom recorded profits of LE 403.8 million in 2020, compared to LE 634.12 million during 2019.
As for the bank's standalone financial statements, it achieved profits of LE 10.29 billion during 2020, compared to profits of LE 11.8 billion in 2019.
