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Canal Shipping profit sinks 42% in FY14

Canal Shipping profit sinks 42% in FY14
Photo Credit: Arabianeye-Reuters
Canal Shipping Agencies
CSAG
3.84% 21.62 0.80

The board of Canal Shipping Agencies Co. endorsed financial indicators for the fiscal year that ended on December 31, 2014.

These indicators mirrored a drop by 42% in net profits to EGP 10 million, from EGP 17.3 million a year earlier.

FY14 revenues totaled EGP 25.8 million, compared with EGP 25.6 million in FY13.

Photo Credit: Arabianeye-Reuters