Revenues | Egypt Oil & Gas - Part 10
Dana Gas Records Net Profit of $31 MM in Nine Months
Dana Gas announced that it has generated a net profit of $31 million during the first nine months of 2020, excluding one-off non-Cash impairments and other income items, according to the company’s press release. Patri...
ADES Egypt Revenues Record $39.2 MM in H1 2020
Advanced Energy Systems (ADES) earned $39.2 million in revenues from its work in Egypt during H1 2020 against $43.6 million in H1 2019; indicating a 10% year-on-year (YoY) decrease, according to a statement. Mohamed F...
Baker Hughes’ Revenues Record $5.4 B in Q1 2020
Baker Hughes’s revenues reached $5.4 billion during Q1 2020, recording a 3% year-on-year (YoY) decrease from Q1 2019, according to a statement. The statement showed that orders went down by 3% YoY, estimated at $5.5 b...
Libya’s NOC Sees 21% MoM Hike
Libya’s state-run National Oil Corporation (NOC) announced that its October revenues grew by 21% month-on-month (MoM) to stand at $2.2 billion from $1.8 billion. NOC attributed the increase in revenues to the im...
Qalaa Holdings’ Revenues Grow by 25%
Qalaa Holdings’ revenues increased by 25% in 2018 compared to 2017, reaching EGP 13.2 billion, Al Borsa Newspaper reported. The company’s operating profit grew by 36% to reach EGP 1. 3 billion in 2018, whi...
ADES International Revenues from Egypt Reach $87.2 M by End of 2018
ADES International Company announced that its revenues from Egypt reached $87.2 million at the end of 2018, recording 42.4% of the company’s total revenues, Al Borsa Newspaper reported. The company also announce...
Egypt Gas Net Profits Reach EGP 8.93 M in Q1 2019
Egypt Gas net profits reached EGP 8.927 million, after recording EGP 13.54 million losses during the same period in 2018, as shown by the company’s financial statement for Q1 2019. Revenues increased to EGP 606,...
Qalaa Holdings’ Revenues to Exceed EGP 90 B in 2020
Qalaa Holdings’ revenues are expected to exceed EGP 90 billion in 2020, the company’s Chairman, Ahmed Heikal, told Reuters. The company will gain between EGP 50-55 billion from the Egyptian Refining Compan...
