trending Market Intelligence /marketintelligence/en/news-insights/trending/hq0e-9b69m8sdUf_vAsSrg2 content esgSubNav
In This List

El Wadi Co. Q2 profit falls YOY

Case Study

Powering the markets of the future with data and AI


Analyzing Sentiment in Quarterly Earnings Calls — Q3 2023

Case Study

An Alternative Investment Team Harnesses Textual Data Analytics to Find New Sources of Alpha


Battery metals - unbated long term need for supply security despite short-term headwinds

El Wadi Co. Q2 profit falls YOY

El Wadi Co. for Touristic Investment SAE said its normalized net income for the second quarter came to 5 Egyptian piastres per share, a decline of 71.4% from 18 piastres per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.0 million pounds, a decrease of 68.9% from 3.3 million pounds in the year-earlier period.

The normalized profit margin dropped to 41.1% from 89.9% in the year-earlier period.

Total revenue declined 31.9% on an annual basis to 2.5 million pounds from 3.6 million pounds, and total operating expenses fell 12.2% from the prior-year period to 2.5 million pounds from 2.9 million pounds.

Reported net income fell 68.9% year over year to 1.6 million pounds, or 8 piastres per share, from 5.2 million pounds, or 28 piastres per share.

As of Oct. 19, US$1 was equivalent to 8.88 Egyptian pounds.