Cairo – Mubasher: The consolidated financial statements of Suez Canal Company for Technology Settling showed net profits of EGP 534.63 million during the 12-month period ended 31 August.

The company’s revenues stood at EGP 1.14 billion from September 2019 until the end of last August, according to a bourse disclosure on Sunday.

No results were reported for the corresponding period as the company has not reported its consolidated results before.  

As for the standalone business, the company’s net profits retreated to EGP 301.93 million in the year ended 31 August from EGP 476.61 million a year earlier.

During the nine-month period ended 31 May, the company logged net profits of EGP 427.13 million, up from EGP 118 million in the year-ago period.