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Egytrans turns profitable in Q4

Egytrans turns profitable in Q4
(Photo credit: Company's website)
Egytrans
ETRS
-1.08% 3.68 -0.04

Cairo – Mubasher: Egyptian Transport and Commercial Services’ (Egytrans) unaudited unconsolidated financial statements showed a net profit before taxes of EGP 25.96 million for the fourth quarter of fiscal year 2016, versus a net loss of EGP 400,000 for Q4-15.

Net profit before taxes for fiscal year 2016 amounted to EGP 47.60 million, 406.38% up from EGP 9.4 million for FY15.

Revenues rose in 2016 by 40.99% to EGP 173.08 million from EGP 122.76 million for FY15, according to a bourse filing.