GIZA GENERAL CONTRACTING
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Companies InvestmentsNeutral News
Giza Contracting Secures EGP 539 Million Mega-Contract for New Aswan City Development
Egyptian construction giant lands major infrastructure deal while navigating revenue challenges in 2023 financials
January 22, 2024 at 12:37:00 PMScore: 65
Giza General Contracting has been awarded a landmark EGP 539.11 million infrastructure project by the New Urban Communities Authority. The publicly traded firm will oversee electrical network installations and street lighting in New Aswan City's Fourth District social housing zone. Despite a 23% YoY revenue drop to EGP 815.38 million in 9M-23, consolidated net profits edged up to EGP 44.28 million, with earnings per share doubling to EGP 0.03. The contract win contrasts with recent financial headwinds, creating mixed signals for investors.
Recommended Actions
- Hold position pending Q4 financial results
- Monitor cash flow management metrics
- Compare with sector peers' contract pipelines
- Watch for new project margin disclosures
- Consider long-term infrastructure plays
Positive Aspects
- Strategic government contract win
- Net profit increase amid revenue decline
- Social housing sector growth potential
Negative Aspects
- 22% YoY revenue drop in 9M-23
- Contract value represents 66% of YTD revenue
- EPS growth remains marginal
Recent NewsJanuary 22, 2024 at 12:37:00 PMGiza Contracting Secures EGP 539 Million Mega-Contract for New Aswan City Development
July 3, 2024 at 10:22:00 AMLink Holdco Trims Fawry Stake Amid Block Trade Surge
March 10, 2024 at 12:07:00 PMRaya Holding Soars to EGP 564M Profit in 2023 Amid Revenue Surge
May 29, 2024 at 10:36:00 AMRaya Holding Soars with 131% Profit Surge in Q1-24 Amid Standalone Losses
GGCC
GIZA GENERAL CONTRACTINGEgyptian construction giant lands major infrastructure deal while navigating revenue challenges in 2023 financials
FWRY
FAWRY FOR BANKING TECHNOLOGY AND ELECTRONIC PAYMENTLink Holdco reduces Fawry stake to 4.99% following a EGP 1.02B block trade; Q1 profit surges 135% YoY.
RAYA
RAYA HOLDING FOR FINANCIAL INVESTMENTSRaya Holding reports a 34% profit surge to EGP 564M in 2023, driven by revenue growth, but standalone losses widen.
RAYA
RAYA HOLDING FOR FINANCIAL INVESTMENTSRaya Holding reports soaring Q1-24 consolidated profits but faces standalone losses as revenues and assets grow.
