profit | Egypt Oil & Gas - Part 4

Egypt Gas Profit Increases by 6% in 2017

Egypt Gas Company announced increasing profit by 6% Year-on-Year (Y.o.Y) to reach EGP 25.6 million in 2017, compared to EGP 24.14 million in 2016.

ADES’ Profit Drops by 11%

Advanced Energy Systems (ADES Group) International Holding experienced an 11% drop in pretax profits during the first half of 2017 due to the costs associated with its initial public offering.

AMOC to Offer Shares on Stock Market

AMOC plans a secondary offering of 10-20% of its shares on the Cairo stock market and will also issue 10% a global depository receipts in London.

Dana Gas Freezes Egypt’s Investment over Arrears

Dana Gas will not inject new investments in Egypt because of delays in obtaining payments owed to it by the government.

Egypt Gas Company Marks Loses

Egypt Gas Company's losses in the second quarter of 2016 reached EGP 61.9m ($6.96m), in comparison to EGP 31.3m ($3.5m) during the same period from 2015.

Saudi SABIC Records Cost Slump, Low Sales

Acting Chief Executive of Saudi Basic Industries Corp (SABIC) announced that the giant company has recorded an 18% slash in its Q2 costs of 2016, down from the first three months of the year.

Saudi Tasnee Records $27.7m Profit in Q2

Saudi Arabia's National Industrialization Co (Tasnee) said it hit a net profit in Q2 as opposed to analysts' forecasts, bringing a run of five straight losses to an end.

Saudi PetroRabigh Q2 Profit Slumps 79%

Saudi Arabia's Rabigh Refining and Petrochemical Co. (PetroRabigh) witnessed a decline in its Q2 net profit standing at 79.6% due to the decrease in petrochemical prices and refinery margins.

BP Beats Profit Estimates for Q3, Boost by Refining.

British oil major BP beat profit estimates for its third quarter earnings report,

Dana Gas Reports 85% Drop in Profit from Year Earlier

The UAE-based Dana Gas announced an 85% drop in profit compared to last year,

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