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Egypt Gas reports 365% profit hike in nine months

Egypt Gas reports 365% profit hike in nine months
The revenues hiked to EGP 3.62 billion in the January-September period
Egypt Gas
EGAS
1.37% 23.74 0.32

Cairo – Mubasher: Egypt Gas achieved net profits of EGP 42.13 million in the first nine months of 2021, a surge of 365% year-on-year (YoY) from EGP 9.06 million. 

The revenues jumped to EGP 3.62 billion in the January-September period, compared to EGP 2.506 billion in the year-ago period, according to a bourse disclosure on Monday.

In the first half (H1) of 2021, the company turned to net profits of EGP 23.89 million, versus net losses of EGP 43.4 million in H1-20.