Wednesday, July 9, 2008

Egypt's Pioneers revises up 2008 net profit forecast to USD 79.4mn.

Email a Friend

All fields are compulsory

Your name:
Your email:

To include more than one recipient, please separate each email address with a semi-colon ';'

Recipient email(s):

Email yourself a copy?
Comments:

Add Your Comment

All comments are subject to editorial review.
All fields are compulsory

Your name:
Your email:
(will not appear)

You may email your comment to a friend
To include more than one recipient, please separate each email address with a semi-colon ';'

Recipient email(s):

Publish your name?
Receive email notification of new comments posted by other users?
Email yourself a copy?

Comments:

I have read and agree to the Terms and Conditions

Egypt's Pioneers revises up 2008 net profit forecast to USD 79.4mn. Egypt's investment company Pioneers forecasted 2008 net profit at up to EGP 425mn (USD 79.4mn), raising its forecast from EGP 275mn (USD 51.4mn), Reuters reported. Ayman Taha, company's director of investor relations, said that the increased forecast comes as a result of the initial indicators of the first half of the year, the acquisitions and the expected expansion of the company's business in Saudi Arabia and Morocco . The company was granted three additional licences from the Saudi Capital Market Authority that will expand its activity to portfolio and fund management. Pioneers made net profit of EGP 106mn (USD 19.8mn) in 2007.

Abigail Hofman:

No. 6: If you don’t give it to me you’ll only lend it to someone else and look where that got us

Egypt's Pioneers revises up 2008 net profit forecast to USD 79.4mn.

Email a Friend

Add Your Comment

Other ISI Middle East and Africa stories

US treasury market reaches breaking point

Top 10 financial definitions that are funnier since the credit crunch

Top 10 reasons to tell your boss you deserve a bonus this year

Nomura’s great leap forward: Will Lehman takeover help fulfil its global ambitions?

Eksportfinans turns to government for funding

Why Hank Paulson has failed as Treasury secretary

Middle East real estate debate: Middle East real estate holds its own in unsteady global markets

Plans Look To The New Frontier

Country risk September 2008: Money talks in a world of risk

US treasury market reaches breaking point

Nomura Eyeing Lehman Bonus Renegotiation

Nomura’s great leap forward: Will Lehman takeover help fulfil its global ambitions?

Corporate defaults: The LBO zombies set to stalk the market

Real estate: Global volumes slump in 2008, hangover predicted for 2009

Latest Issue