August 12th, 2008
FY07/08 Results: Strong Sales, Surprises below the Operating Line

▪A 31.2% YoY growth in revenues to EGP2.25 billion in FY07/08
▪A 19.8% YoY plunge in provisions to EGP91.0 million in FY07/08
▪A 3.7x YoY increase in investment income to EGP96.2 million in FY07/08
▪A 37.6% YoY growth in bottom line to EGP990.4 million in FY07/08

May 13th, 2008
9M07/08 Results: A Decent Growth
▪A 20.3% YoY growth in revenues to EGP1.52 billion
▪A hike in provisions inflates operating expenses
▪Lower margins across the board
▪A 3.5 fold YoY increase in investment income to EGP89.4 million
▪An 18.7% YoY upturn in bottom line to EGP714.8 million

1H07/08: Further Provisions Harms Bottom Line

§         Revenue up by 18.7% YoY to EGP956.7 million in 1H07/08