Egypt Gas turns to profitability in H1-21 on higher revenue

Cairo – Mubasher: Egypt Gas turned to net profits of EGP 23.89 million in the first half (H1) of 2021, versus net losses of EGP 43.4 million in H1-20. 

The company's revenues levelled up to EGP 2.25 billion in the January-June period, compared to EGP 1.42 billion in the corresponding period a year earlier, according to a bourse disclosure on Wednesday. 

In the first quarter (Q1) of 2021, Egypt Gas achieved net profits of EGP 5.83 million, against net losses of EGP 37.76 million in Q1-20. 

 

Mubasher Contribution Time: 11-Aug-2021 09:56 (GMT)
Mubasher Last Update Time: 11-Aug-2021 09:56 (GMT)