Cairo – Mubasher: Egypt Gas turned to net profits of EGP 5.83 million in the first quarter (Q1) of 2021, versus net losses of EGP 37.76 million in Q1-20.

The revenues soared to EGP 978.97 million in the three-month period ended 31 March, compared to EGP 691.32 million in the same period in 2020, the company said in a bourse disclosure on Thursday.

During 2020, Egypt Gas achieved net profits of EGP 84.632 million, down from EGP 164.95 million in 2019.