Latest news with #MCDR
Zawya
08-07-2025
- Business
- Zawya
Egypt: MOPCO to distribute bonus shares starting July 23rd amid capital increase
Arab Finance: Misr Fertilizers Production Company (MOPCO) will begin distributing bonus shares on July 23rd, 2025, as part of a capital increase approved by its general assembly on April 12th, as per a disclosure. The company's issued and paid-up capital will rise from EGP 20.79 billion to EGP 28.68 billion, reflecting an increase of EGP 7.89 billion. Shareholders will receive 0.3794547514 bonus shares for each ordinary share held, based on holdings as of the end of trading on Tuesday, July 22nd, 2025. A total of 788.956 million bonus shares, each with a nominal value of EGP 10, will be distributed through Misr for Central Clearing, Depository and Registry (MCDR), following the listing committee's approval. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
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Business Standard
01-07-2025
- Business
- Business Standard
Mineral, metal output continues growth momentum in early FY26
India's production of key minerals and non-ferrous metals continued to grow in the first two months of FY26, building on record output levels seen in the previous financial year. Iron ore, which accounts for 70 per cent of the total value of minerals governed by the Mineral Conservation and Development Rules (MCDR), rose marginally to 53 million metric tonnes (MMT) in FY26 (April–May), from 52.7 MMT in the same period last year, according to a statement by the Ministry of Mines. Manganese ore output increased by 1.4 per cent to 0.70 MMT, while bauxite production rose by 0.9 per cent to 4.73 MMT. Zinc concentrate and limestone also recorded growth of 3.7 per cent and 1.6 per cent, respectively, in FY26 (April–May). In April alone, bauxite output surged 13.6 per cent year-on-year to 2.13 MMT, while zinc concentrate and limestone rose 5.8 per cent and 1.2 per cent, respectively. In the non-ferrous metal segment, refined copper production jumped by 43.5 per cent to 0.99 lakh tonnes during FY26 (April–May), compared to 0.69 lakh tonnes in the year-ago period. Aluminium production rose 1.3 per cent to 7.07 lakh tonnes from 6.98 lakh tonnes during the same period. India ranks among the top producers globally in aluminium, copper, and iron ore. Continued growth in the production of iron ore in the current financial year reflects the 'robust demand conditions' in the user industry, such as steel, said the statement. 'Coupled with growth in aluminium and copper, these growth trends point towards continued strong economic activity in user sectors such as energy, infrastructure, construction, automotive and machinery,' it added.
Time of India
01-07-2025
- Business
- Time of India
Iron ore production reaches 53 MMT in Apr-May FY26, copper output jumps 43.5%
New Delhi: India's mineral production continued its upward trajectory in the first two months of FY 2025-26, with key commodities such as iron ore, refined copper, aluminium, bauxite, and limestone registering production growth, official data showed. Iron ore production , which constitutes 70 per cent of the total mineral production covered under the Mineral Conservation and Development Rules (MCDR) by value, rose to 53.0 million metric tonnes (MMT) in April–May FY 2025-26, up from 52.7 MMT in the corresponding period last year, recording a growth of 0.6 per cent. The total output for FY 2024-25 stood at 289 MMT. Manganese ore production grew by 1.4 per cent to 0.70 MMT during April–May FY26 from 0.69 MMT in the year-ago period. Bauxite production increased to 4.73 MMT from 4.69 MMT, reflecting a rise of 0.9 per cent. Zinc concentrate output rose by 3.7 per cent to 0.28 MMT in April–May FY26 compared to 0.27 MMT in the same period of FY25. Limestone production stood at 81.40 MMT, marking a 1.6 per cent increase over 80.10 MMT recorded during April–May FY25. According to Index of Industrial Production (IIP) data for the mining and quarrying sector, several minerals saw a rise in April 2025 on a year-on-year basis. Production of zinc concentrate increased by 5.8 per cent to 0.14 MMT, limestone by 1.2 per cent to 40.1 MMT, and bauxite by 13.6 per cent to 2.13 MMT. In the non-ferrous metal segment, primary aluminium production in April–May FY26 was 7.07 lakh tonnes (LT), up by 1.3 per cent from 6.98 LT in the same period of FY25. Refined copper production registered the highest growth, increasing by 43.5 per cent to 0.99 LT compared to 0.69 LT last year. India is the second-largest producer of aluminium, among the top 10 producers of refined copper, and the third-largest iron ore producer globally. The growth in production of iron ore, aluminium, and copper indicates continued demand in user industries such as steel, energy, infrastructure, construction, automotive, and machinery.
Zawya
09-06-2025
- Business
- Zawya
Egypt: MCDR's profits hit $32mln in 2024; revenues jump 34%
Cairo - Misr for Central Clearing, Depository and Registry (MCDR) recorded net profits amounting to EGP 1.69 billion in 2024, according to the financial results. The strong performance was backed by a 34% year-on-year (YoY) surge in revenue from operations, amounting to an increase of EGP 153.70 million at the end of December 2024. Additionally, the returns on investments hiked by 78% YoY to EGP 685 million. Hesham Mabrouk, Managing Director of MCDR, stated: "Financial results for 2024 clearly attest to the success of the institutional development programs implemented by the company, whether through updating technological infrastructure, strengthening governance, or engaging with regulatory reforms.' 'These results are particularly significant as they represent the highest annual profits since the company's establishment, reflecting the strength of its financial performance and reaffirming its position as a leading entity in the Egyptian financial market,' Mabrouk added. He indicated: 'The company piloted the 'Egypt Clear' application for dividend disbursement, demonstrating our commitment to providing innovative digital solutions that enhance service efficiency and support our digital transformation and financial inclusion strategies."
Zawya
04-06-2025
- Business
- Zawya
MCDR achieves the highest annual profits since its establishment
Cairo: MCDR announces an exceptional financial performance for the year 2024, with net profits reaching 1.69 billion EGP. This achievement is supported by a 34% growth in revenue from operations, amounting to an increase of 153.7 million EGP compared to 2023, alongside a 78% rise in returns on investments, totaling to 685 million This strong performance reflects the company's robust growth and strategic initiatives aimed at enhancing market stability and investor confidence. Notably, a comprehensive overhaul of the digital infrastructure and the innovative market solutions have contributed significantly to accelerating daily processes, strengthening cybersecurity measures, and achieving high operational performance. MCDR has played a pivotal role in supporting the growth of financial markets by providing advanced financial services to all market participants in accordance with the highest international standards. This is part of a comprehensive vision developed by the current Board of Directors to improve institutional performance. The year 2024 also has also witnessed positive engagement from the company with regulatory decisions issued by the Financial Regulatory Authority, specifically the decision to regulate the Settlement Guarantee Fund. MCDR has implemented flexible and integrated risk management mechanisms in line with modern regulatory environments. In this context, Engineer Hesham Mabrouk, Managing Director, has stated: "Financial results for 2024 clearly attest to the success of the institutional development programs implemented by the company, whether through updating technological infrastructure, strengthening governance, or engaging with regulatory reforms. These results are particularly significant as they represent the highest annual profits since the company's establishment, reflecting the strength of its financial performance and reaffirming its position as a leading entity in the Egyptian financial market. Additionally, the company piloted the 'Egypt Clear' application for dividend disbursement, demonstrating our commitment to providing innovative digital solutions that enhance service efficiency and support our digital transformation and financial inclusion strategies." The company is scheduled to hold its ordinary general assembly this month to approve the previous year's financial statements and review the proposed profit distribution, amid positive indicators encouraging further expansion and sustainable growth. It is noteworthy that Misr for Central Clearing, Depository & Registry is an Egyptian Joint-Stock company established under the Capital Market Law No. 95 of 1992 and governed by Central Depository and Registry Law No. 93 of 2000. It is regarded as one of the main pillars in developing the Egyptian Capital Market, playing a vital role in establishing stability, reducing risks, and providing a safe and attractive investment environment.
