Edition:
India

Sixth of October Development and Investment Co SAE (OCDI.CA)

OCDI.CA on The Egyptian Exchange

13.26EGP
16 Jul 2019
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Latest Key Developments (Source: Significant Developments)

Egypt's Sodic Raises Limit Of Medium Term Facility To EGP 500 Mln
Wednesday, 17 Jul 2019 

July 17 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::SIGNS ADDENDUM WITH COMMERCIAL INTERNATIONAL BANK RAISING LIMIT OF MEDIUM TERM FACILITY TO EGP 500 MILLION.EGP 500 MILLION TO BE DIRECTED TOWARDS DEVELOPMENT OF OCTOBER PLAZA.DEBT FINANCING COMES IN LINE WITH SODIC’S GOAL TO INCREASE ITS LEVERAGE AND FINANCING TENOR ENHANCING SHAREHOLDER RETURNS.SODIC’S LEVERAGE AS PER CONSOL FINANCIAL POSITION OF 1Q 2019 REMAINED LOW WITH AT A TOTAL DEBT TO EQUITY RATIO OF 0.35X.FACILITY WILL BE DIRECTED TO EXPEDITING CONSTRUCTION OF ENTIRE PROJECT WHICH IS ANTICIPATED TO BE DELIVERED AHEAD OF SCHEDULE.  Full Article

Egypt's Sodic Signs Agreement With NUCA To Convert Agricultural Plot To Housing
Sunday, 14 Jul 2019 

July 14 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::SIGNS AGREEMENT WITH NUCA RELATED TO LAND PLOT.UNDER AGREEMETN, NUCA TO CONVERT PLOT FROM AGRICULTURAL TO INTEGRATED HOUSING.AGREEMENT RELATED TO LAND PLOT LOCATED IN WESTERN CAIRO.PROJECT ON SITE TO BE LUANCHED FOR SALE IN LAST QUARTER OF 2019.  Full Article

Egypt's Sodic Posts Q1 Standalone Loss
Sunday, 19 May 2019 

May 19 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO SAE ::Q1 STANDALONE NET LOSS EGP 26.6 MILLION VERSUS PROFIT OF EGP 82.7 MILLION YEAR AGO.  Full Article

Egypt's SODIC FY Consol Net Profit Falls
Thursday, 7 Mar 2019 

March 7 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO SAE ::FY CONSOL NET PROFIT EGP 451 MILLION VERSUS EGP 598.6 MILLION YEAR AGO.FY CONSOL TOTAL OPERATING REVENUE EGP 3.73 BILLION VERSUS EGP 2.29 BILLION YEAR AGO.FY CONSOL PROFIT ATTRIBUTABLE TO SHAREHOLDERS EGP 448.9 MILLION VERSUS EGP 597.1 MILLION YEAR AGO.  Full Article

Egypt's Sodic Expects Net Customers Contract EGP 7.20 Bln In 2019
Sunday, 17 Feb 2019 

Feb 17 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::EXPECTS NET CUSTOMERS CONTRACT EGP 7.20 BILLION IN 2019.EXPECTS TO DILIVER 1,151 UNITS WORTH ABOUT EGP 5.15 BILLION IN 2019.PLANS INVESTMENTS OF ABOUT EGP 5.17 BILLION IN 2019.  Full Article

Egypt's SODIC Updates On Mandatory Purchase Offer For Medinet Nasr
Sunday, 13 Jan 2019 

Jan 13 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::REQUESTS FRA TO EXTEND TIME LIMIT TO MAKE MANDATORY PURCHASE OFFER FOR SHARES OF MEDINET NASR FOR HOUSING AND DEVELOPMENT UPTO 60 DAYS.  Full Article

Egypt's Sodic Q3 Consol Profit Rises
Sunday, 16 Dec 2018 

Dec 16 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::NINE-MONTH CONSOL NET PROFIT EGP 612.9 MILLION VERSUS EGP 507.7 MILLION YEAR AGO.Q3 CONSOL NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS EGP 238.9 MILLION VERSUS EGP 166.5 MILLION YEAR AGO.Q3 CONSOL TOTAL REVENUE EGP 909.5 MILLION VERSUS EGP 583.8 MILLION YEAR AGO.  Full Article

Madinet Nasr Updates On Sodic Settlement Agreement of EGP 800 Mln
Sunday, 9 Dec 2018 

Dec 9 (Reuters) - MADINET NASR FOR HOUSING AND DEVELOPMENT ::UPDATES ON SODIC ANNOUNCEMENT REGARDING EGP 800 MILLION SETTLEMENT AGREEMENT.SAYS CO STILL INTERESTED TO COMPLETE DEAL WITH SODIC, WILL STUDY AND EVALUATE IMPACT OF THE SETTLEMENT ON SWAP FACTOR.SAYS SODIC SETTLEMENT HAS NO POTENTIAL IMPACT ON CO OR ITS FINANCIAL POSITION.  Full Article

Egypt's Sodic Expects 2018 Contracts Of Around EGP 6.5 Bln
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::BOARD APPROVES ISSUED CAPITAL INCREASE BY EGP 27.5 MILLION.EXPECTS 2018 CONTRACTS OF AROUND EGP 6.5 BILLION.  Full Article

Egypt's Sodic Q1 Consol Profit Edges Up
Wednesday, 16 May 2018 

May 16 (Reuters) - SIXTH OF OCTOBER DEVELOPMENT AND INVESTMENT CO ::Q1 CONSOL NET PROFIT 212.1 MILLION VERSUS EGP 212 MILLION YEAR AGO.Q1 CONSOL TOTAL REVENUE EGP 512.1 MILLION VERSUS EGP 703.5 MILLION YEAR AGO.  Full Article