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FINANCIAL NEWS
Egypt-Egytrans posts EGP215mn net profit
05 Apr 2017
(MENAFN) The Egyptian Transport and Commercial Services Co. (Egytrans) proclaimed that it has achieved revenues worth EGP215mn, with an increase of 64 percent in 2016 and this year.
Additionally, net profit after tax grew to 488 percent, closing at EGP58.7mn, with a net profit margin of 27.2 percent and an increase of 19.6 percent.
Accordingly, the firm’s market share in the Egyptian market increased from 35 percent to 60 percent in projects throughout last year.
Furthermore, the company predicts that the government will announce launching several major energy and electricity projects, involving the Dabaa nuclear power plant.
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MENAFN0504201700450000ID1095370162
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