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Canal Shipping Agencies post EGP 46m profits in 9M

Canal Shipping Agencies post EGP 46m profits in 9M
Photo Credit: Reuters
Canal Shipping Agencies
CSAG
-2.04% 18.74 -0.39

Cairo – Mubasher: Canal Shipping Agencies saw a surge in the first nine-month period profits by 101% year-over-year to EGP45.77 million ($5.16 million) from EGP22.75 million ($2.56 million), the financial statements indicated.

In the first half of 2015/16, the company earned EGP20.6 million compared to EGP10.1 million for the year-ago period.

On Tuesday, the stock fell 2.54% to EGP5.82 at close.