Egypt Gas reports 365% profit hike in nine months

Cairo – Mubasher: Egypt Gas achieved net profits of EGP 42.13 million in the first nine months of 2021, a surge of 365% year-on-year (YoY) from EGP 9.06 million. 

The revenues jumped to EGP 3.62 billion in the January-September period, compared to EGP 2.506 billion in the year-ago period, according to a bourse disclosure on Monday.

In the first half (H1) of 2021, the company turned to net profits of EGP 23.89 million, versus net losses of EGP 43.4 million in H1-20. 

Mubasher Contribution Time: 15-Nov-2021 11:20 (GMT)
Mubasher Last Update Time: 15-Nov-2021 11:21 (GMT)