Egypt: Brief corporate news
Credit International D’Egypte – CIE (CIEB.CA) posted 9-month FY2000 results ending September, in which net income declined 16.5 percent to LE16.7 million compared to LE20 million in 9-month FY99. Net interest income fell 2.8 percent to LE17.1 million compared to LE17.6 million in the comparable period of 99. Net loans and advances edged down 7.3 percent to LE531 million from LE572.7 million in December 99, while deposits inched up 0.1 percent to LE440.7 million over the same period. Loans-to-deposits improved to 132.5 percent compared to 140.4 percent in December 1999.
Alexandria Pharmaceutical & Chemical Industries (AXPH.CA) will hold its ordinary general assembly on January 11, 2000 to review the company's estimated budget for 2001-2002.
Prime Securities S.A.E.
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