Canal Shipping Agencies (CSAG)

Cairo – Mubasher: The board members of Canal Shipping Agencies agreed to increase the company’s capital to EGP 300 million from EGP 200 million. The firm will issue one bonus share for every two owned shares, according to a bourse filing. …

Cairo – Mubasher: Canal Shipping Agencies’ board of directors recommended a cash dividend distribution of EGP 148.29 million to shareholders for fiscal year (FY) 2021/2022, subject to the approval of the company’s ordinary general meeting (OGM). …

Cairo – Mubasher: Canal Shipping Agencies achieved net profits of EGP 38.53 million in the first quarter (Q1) of fiscal year (FY) 2021/2022, down by 6% year-on-year (YoY) from EGP 41.05 million, the unaudited financial results showed.  The …

Cairo – Mubasher: The board of directors of Canal Shipping Agencies recommended a cash dividend of EGP 0.82 per share for fiscal year (FY) 2020/2021,  The total amount of proposed dividends stands at EGP 164.167 million, the company said a bourse …

Cairo – Mubasher: Canal Shipping Agencies recorded net profits of EGP 200.19 million in fiscal year (FY) 2020/2021, down by 39% year-on-year (YoY) from EGP 328.9 million, the adjusted unaudited financial results showed.  The revenues fell to …

Cairo - Mubasher: Canal Shipping Agencies reported net profits of EGP 199.15 million in fiscal year (FY) 2020/2021, down by 39.4% year-on-year (YoY) from EGP 328.4 million, the unaudited financial results showed.  The revenues slipped to EGP 53.95 …

Cairo – Mubasher: Canal Shipping Agencies registered net profits of EGP 153.62 million in the first nine months of fiscal year (FY) 2020/2021, down by 37.3% year-on-year (YoY) from EGP 245.39 million. The revenues declined to EGP 37.09 million in …

Cairo – Mubasher: Canal Shipping Agencies aims to generate net profits after tax of EGP 154.5 million in fiscal year 2021/2022, compared to a targeted net profit of EGP 235 million in FY20/21. The planned budget for the coming fiscal year includes …

Cairo – Mubasher: Canal Shipping Agencies reported a 40% drop in its net profits to EGP 97.08 million in the first half (H1) of fiscal year 2020/2021 from EGP 161.99 million in the year-ago period. Lower net profits are attributed to a decline in …

Cairo – Mubasher: The board of directors of Canal Shipping Agencies approved the appointment of Mohamed Mohamed Hosny El-Husseiny as the company’s CEO and Managing Director. The CEO and managing Director has been given the authority to sign on …

Cairo – Mubasher: The ordinary general meeting (OGM) of Canal Shipping Agencies approved a cash dividend distribution of EGP 1.33 a share for fiscal year 2019/2020. The shareholders approved a total of EGP 276.57 million as cash dividend to be …

Cairo – Mubasher: Canal Shipping Agencies logged net profits of EGP 41.05 million in the first quarter (Q1) of fiscal year 2020/2021, down by 68% year-on-year (YoY) from EGP 128.3 million. The company’s revenues retreated to EGP 10.6 million in …

Cairo – Mubasher: The board of Canal Shipping Agencies recommended a cash dividend distribution of EGP 1.15 per share for fiscal year 2019/2020. The proposed dividends totalled EGP 231.8 million for the earnings of the last fiscal year, according …

Cairo – Mubasher: Canal Shipping Agencies achieved net profits of EGP 328.4 million in fiscal year 2019/2020, up by 46% year-on-year (YoY) from EGP 225.5 million. In the meantime, the company’s revenues retreated to EGP 55.5 million in the …

Cairo – Mubasher: The net profits of Canal Shipping Agencies hiked by 38% year-on-year (YoY) to reach EGP 245.39 million in the period from July 2019 to March 2020, compared to EGP 177.37 million in the year-ago period. The increase in profits is …

Cairo – Mubasher: Canal Shipping Agencies denied news reports about its merger with other shipping agencies. Reports about initiating procedures to merge with Abu Simbel and Thebes Shipping Agencies Co, Amon Shipping Agency, and Memphis Shipping …

Cairo – Mubasher: Canal Shipping Agencies has reported a 31% year-on-year profit increase during the first six months of the fiscal year 2019/2020. The company’s net profit grew to EGP 161.99 million from July to December 2019, compared to EGP …

Cairo – Mubasher: Canal Shipping Agencies has posted a 116.8% year-on-year leap in its net profits for the first quarter of fiscal year 2019/2020. The company generated EGP 128.4 million ($7.97 million) in net profit during the three-month period …

Cairo – Mubasher: Canal Shipping Agencies said it aims to operate a new shipping line between Safaga and Duba. Canal Shipping is currently in negotiations with the ship-owning company over a potential deal, according to a statement to the Egyptian …

Cairo – Mubasher: Canal Shipping Agencies’ Ordinary General Meeting (OGM) has decided to increase approved dividends for the fiscal year 2018/2019 to EGP 0.79 per share. In September, the company’s board recommended a cash dividend distribution of …

Cairo – Mubasher: A group of companies are expected to benefit from the Egyptian government decision to establish a new company to manage the Egyptian Commodities Exchange, MubasherTrade Research said. The mentioned companies include Alexandria …

Cairo – Mubasher: Canal Shipping Agencies recommended a cash dividend distribution of EGP 0.74 per share for fiscal year 2018/2019. The total value of proposed dividends amounted to EGP 148.7 million for FY18/19, compared to EGP 175.7 million in …

Cairo – Mubasher: The adjusted unaudited financial statements of Canal Shipping Agencies recorded a 16.8% year-on-year profit drop during fiscal year 2018/2019.  Net profits slid to EGP 225.54 million from July 2018 to last June, compared to EGP …

Cairo – Mubasher: Canal Shipping Agencies announced that its shareholders had approved a surplus cash distribution of EGP 60 million to shareholders during its ordinary general meeting (OGM) held on 29 August. The payment will be deducted from …

Cairo – Mubasher: Canal Shipping Agencies recorded a 7.81% year-on-year profit decline during fiscal year 2018/2019, according to the company's unaudited financial results.   Net profits fell to EGP 249.996 million in the twelve-month period ended …