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Al Awqaf Egyptian Authority records 17% rise in FY20/21 revenues

Al Awqaf Egyptian Authority records 17% rise in FY20/21 revenues
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Cairo – Mubasher: Al Awqaf Egyptian Authority achieved revenues worth EGP 1.81 billion during fiscal year (FY) 2020/2021.

This marked an annual increase of 17% or EGP 263.5 million when compared to the revenues generated in FY19/20, according to a statement on Thursday.

During the month of July, the authority that is affiliated to the Ministry of Endowments recorded EGP 100.05 million in revenues, higher by EGP 11.52 million when compared to July 2020.

In August, the revenues totalled EGP 122.5 million, up by EGP 30.93 million from the same month last year.

The revenues registered in July and August 2021 combined amounted to EGP 222.55 million, an increase of 23.5% or EGP 42.45 million from the same period in 2020.