GADWA FOR INDUSTRIAL DEVELOPMENT
GDWA
Financial ResultsPositive News
Gadwa Industrial Development Soars with EGP 1.62B Profit Surge in 2024
Gadwa Industrial Development reports a 12% profit jump to EGP 1.62B in 2024, driven by revenue growth and improved EPS.
April 6, 2025 at 12:09:00 PMScore: 78
Gadwa for Industrial Development achieved a landmark consolidated net profit of EGP 1.62 billion in 2024, marking a significant rise from EGP 1.45 billion the previous year. Earnings per share (EPS) climbed to EGP 1.09, up from EGP 0.95 in 2023. Annual revenues surged to EGP 19.05 billion, nearly doubling from EGP 12.24 billion in 2023. Standalone net profit reached EGP 1.05 billion, compared to EGP 819.56 million, while revenues grew to EGP 1.01 billion from EGP 821.16 million. The first nine months of 2024 saw a 49% year-on-year profit jump to EGP 1.54 billion.
Recommended Actions
- Consider buying shares if aligned with long-term industrial growth trends
- Monitor stock for potential price corrections post-earnings
- Compare performance against Egyptian industrial sector peers
- Review dividend payout history before investing
- Set price alerts near EGP 5.46 resistance level
Positive Aspects
- 49% YoY profit surge in 9M 2024
- Revenue growth of 56% YoY
- EPS improvement to EGP 1.09
Negative Aspects
- Standalone profit growth lagged behind consolidated results
- No forward-looking guidance provided
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