Cairo – Mubasher: Canal Shipping Agencies said it targets a growth of 10.7% in net profits for the fiscal year 2017 – 2018, according to its estimated budget.

The company targets net profits of EGP 60 million in FY17/18, compared with EGP 54.2 million at the previous year.

The company also eyes an increase of 14.7% to EGP 70 million in revenues for FY17/18, in addition to distributing a total amount of EGP 47.3 million in dividends at EGP 0.23 per share.