Cairo – Mubasher: Suez Canal Company for Technology Settling reported standalone net profits of EGP 498.57 million in the 12-month period ended 31 August, up by 65.1% year-on-year (YoY) from EGP 301.93 million.  

The revenues from leased fixed assets fell to EGP 70.24 million from EGP 72.69 million, while revenues from investments in subsidiaries rose to EGP 444.72 million from EGP 242.44 million, the company said in a bourse disclosure on Wednesday. 

In the nine-month period ended 31 May, the company achieved consolidated net profits of EGP 520.54 million, compared to EGP 427.13 million in the year-ago period, including minority shareholders' rights. 

The revenues grew to EGP 976.7 million in the September-May period from EGP 874.5 million in the corresponding period a year earlier. 

The standalone net profits rose to EGP 481.8 million from EGP 285.88 million.