Cairo – Mubasher: The consolidated net profits of Egypt Free Shops jumped by 21.39% year-on-year (YoY) to EGP 132.2 million in fiscal year 2020/2021, compared to EGP 108.9 million in the earlier year.

The company generated revenues of EGP 692.01 million in fiscal year 2020/2021, up from EGP 675.5 million during the previous year.

As for the standalone financials, the company's net profits increased to EGP 131.26 million in fiscal year 2020/2021 from EGP 108.87 million in the earlier year.

It is noteworthy to mention that during the first nine months of fiscal year (FY) 2020/2021, the company's standalone net profits of Egypt Free Shops declined by 17.91% year-on-year (YoY) to EGP 91.49 million, compared to EGP 111.452 million.