Latest news with #netlosses
Zawya
5 hours ago
- Business
- Zawya
Saudi Kayan's net loss deepens 55% in H1-25
Saudi Kayan Petrochemical Company incurred net losses valued at SAR 1.27 billion in the first half (H1) of 2025, an annual leap of 54.77% from SAR 821.95 million. Revenues hit SAR 4.29 billion in H1-25, up 5.16% year-on-year (YoY) from SAR 4.08 billion, according to the financial statements. Meanwhile, the loss per share increased to SAR 0.85 at the end of June 2025 from SAR 0.55 in H1-24. Results for Q2-25 In the second quarter (Q2) of 2025, the net losses jumped by 98.46% YoY to SAR 496.35 million from SAR 250.09 million. On the other hand, the revenues climbed by 5.93% to SAR 2.23 billion in Q2-25 from SAR 2.10 billion a year earlier. Quarterly, the Q2-25 losses dropped by 36.01% from SAR 775.78 million in Q1-25, while revenues grew by 8.22% from SAR 2.06 billion. As of 30 June 2025, the accumulated losses hit SAR 5.49 billion, representing 36.66% of the SAR 15 billion share capital. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Zawya
09-07-2025
- Business
- Zawya
Egypt: ASCOM swings to losses in 2024; consolidated revenues hit $64mln
Cairo – Asec Company for Mining (ASCOM) incurred consolidated net losses after tax valued at EGP 331.82 million in 2024, against net profits worth EGP 1.95 billion as of 31 December 2023. Revenues from contracts hiked to EGP 3.22 billion last year from EGP 1.92 billion during 2023, according to the financial results. Basic and diluted loss per share hit EGP 15.29 at the end of 2024, compared to EGP 1.43 a year earlier. Standalone Results In the 12-month period that ended on 31 December 2024, ASCOM shifted to net losses amounting to EGP 750.46 million, against net profits of EGP 35.01 million in 2023. Non-consolidated revenues jumped to EGP 438.84 million from EGP 352.66 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
24-06-2025
- Business
- Zawya
Gulf General announces key appointments
Riyadh: Gulf General Cooperative Insurance Company named Mazen Hani Altamimi and Taher Mohammed Omar Agueel as the board's Chairman and Vice Chairman, respectively. The two officials took over for a three-year term that started on 16 May 2025 and is set to conclude on 15 May 2028. The Insurance Authority (IA) greenlighted the appointments on 22 June. In the first three months (3M) of 2025, Gulf General reported net losses worth SAR 23.78 million, marking an annual leap of 314.39% from SAR 5.73 million.
Zawya
23-06-2025
- Business
- Zawya
Egypt: El Badr Investment's net losses fall 9.7% YoY in Q1 2025
El Badr Investment and Development suffered 9.70% lower net losses after tax at EGP 118,334 in the first quarter (Q1) of 2025, compared to a net loss of EGP 131,053 in Q1 2024, as per the financial results. Loss per share hit EGP 0.0052 during the period from January to March in 2025, versus EGP 0.0057 a year earlier. Founded in 2002 and listed on EGX in 2008, El Badr specializes in providing plastic packaging solutions to meet all packaging and design needs. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
18-06-2025
- Business
- Zawya
Egypt: Atlas for Investment and Food Industries registers 14.1% YoY fall in Q1 2025 standalone losses
Arab Finance: The standalone net losses of Atlas for Investment and Food Industries (AIFI) dropped by 14.13% year-on-year (YoY) to EGP 1.668 million in the first quarter (Q1) of 2025, according to the financial results. In Q1 2024, the company's net losses stood at EGP 1.943 million. Non-consolidated loss per share was kept unchanged at EGP 0.003 in the first three months of 2025. Established in October 1997, Atlas focuses on real estate, farm development, and agricultural processing. It is also a parent for four companies, namely: Atlas Siwa, Atlas Food, Atlas Farms, and Atlas Real Estate. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
