CAIRO: No more browsing from site to site, view the top business news stories on August 9 here:
Exported meat price increases by 25%; flour and tea by 6%
The price of exported meat has increased by 15 EGP, reaching 60 EGP for 1 kg instead of 45 EGP, Youm7 reported.
The price of the local meat varies between 80 and 100 EGP for Kg.
For tea and flour, prices increased by 6 percent, Youm7 quoted Emad Abdeen, secretary of the Food division at the Chamber of Commerce.
EGX begins Tuesday session at slight increase
The Egyptian stock market has begun Tuesday trading sessions at a slight increase to all indices, except for the main index EGX30 that decreased by 0.02 percent.
Egypt’s Palm Hills Q2 profit falls sharply to $7.2 million – Reuters
Revenues for the quarter were up at 1.07 billion pounds compared with 732.9 million last year, the company said in a statement on Tuesday.
Egypt’s Talaat Mostafa H1 (not Q2) net profit up at $48.95 mln – Reuters
(REUTERS): Egypt’s Talaat Mostafa posts first half net profit of 434.7 million Egyptian pounds ($48.95 million), up from 393.7 million last year
* First half revenues at 2.92 billion Egyptian pounds, up from 2.91 billion last year.
Egypt’s Edita Q2 net profit down at $5.42 million – Reuters
(REUTERS): Second quarter net profit of 48.1 million Egyptian pounds ($5.42 million), down from 66.9 million last year
* Sales for the second quarter at 550.2 million Egyptian pounds versus 514.8 million last year.