Cairo – Mubasher: Egypt Gas announced succumbing to net losses of EGP 43.4 million in the first half (H1) of 2020, against net profits of EGP 14.44 million in the year-ago period.

The company generated EGP 1.43 billion in revenue in the January-June period, down from EGP 1.57 billion in the corresponding period a year earlier, according to a bourse disclosure on Tuesday.

In the first quarter (Q1) of 2020, Egypt Gas suffered net losses of EGP 37.76 million, versus net profits of EGP 8.92 million in Q1-19.