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Wadi Kom Ombo's net profits slid 20% in FY19/20

Wadi Kom Ombo's net profits slid 20% in FY19/20
The company generated revenues of EGP 89.16m
Wadi Kom Ombo
WKOL
-4.48% 16.85 -0.79

Cairo – Mubasher: The net profits of Wadi Kom Ombo Land Reclamation decreased by 20.24% year-on-year (YoY) to EGP 23.4 million in fiscal year 2019/2020 from EGP 29.34 million in the previous year.

The company generated revenues of EGP 89.16 million during the fiscal year ended on 30 June 2020, down from around EGP 137.43 million in the earlier year.

The earnings per share (EPS) stands at EGP 4.099 in FY19/20, versus EGP 4.74 in FY18/19.

It is noteworthy to mention that in the first nine months of FY19/20, the company posted a 12% YoY profit increase to EGP 22.5 million, compared to EGP 20.08 million in the year-ago period.