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Traders work at the Egyptian stock exchange in Cairo January 3, 2013. Egypt's stock market held up well this week despite a weak currency, as foreign investors continued to buy shares - a sign that a devaluation of Egypt's pound, which looks increasingly likely, might not be a disaster for financial markets. REUTERS/Asmaa Waguih (EGYPT - Tags: Reuters ImagesBUSINESS)
Egypt - TAQA Arabia reported a 32% year-on-year (YoY) increase in consolidated net profits after tax in the first quarter (Q1) of 2025, according to a filing on May 9th.
The company earned net profits of EGP 136.079 million in the January-March period, compared to EGP 102.776 million over the corresponding period of 2024.
Revenues grew 50% YoY to EGP 5.378 billion from EGP 3.576 billion.
As for standalone financials, the company saw a 11% yearly drop in net profits after tax in Q1 2025, reaching EGP 155.162 million from EGP 174.849 million.
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