EGYPT: Net profit falls at Al Ahram
Egyptian drinks company, Al Ahram Beverages Company (ABC), reported net profit of E£92.2 million (US$20m) for 2001, against E£112.9m (US$24.3m) in 2001, a drop of 18% and at the lower end of analysts' forecasts. Turnover at the company rose by 21% from E£350m to E£425m. The company attributed the drop in profits to the decline in tourism in the region, caused by the Israeli-Palestinian conflict and latterly by the September 11 attacks.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 14 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Has Coca-Cola Jumped From Frying Pan to Fire?
- Interview - Bacardi global marketing boss, whisky
- Constellation grapples with glass as reality bites
- Coca-Cola can unleash Monster with energy plunge
- just The Preview - Carlsberg's Q2 & H1
- Diageo appoints head for Asia marketing unit
- Diageo doubles intake for spirits start-ups scheme
- Second senior exec to depart Bacardi
- Coca-Cola secures US$2.15bn stake in Monster
- Bacardi sees North America president step down