The board of Natural Gas & Mining Project (Egypt Gas) ratified financial statements for FY13, showing that net profit dropped 13.9% to EGP 96.575 million, compared with EGP 112.215 million a year earlier.
Operating income rose 10% to EGP 950 million from EGP 861 million in FY12.
The company’s budget for FY14 showed targeting EGP 1.22 billion total revenue and EGP 90 million net profit.