Cairo – Mubasher: The consolidated net profits of Suez Canal Company for Technology Settling increased by 20% year-on-year (YoY) to EGP 285.5 million for the three-month period ended 30 November 2021, compared to EGP 237.93 million.

The company's revenues rose to EGP 463.81 million in the September-November period of fiscal year ending 31 August 2022 from EGP 390.35 million in the year-ago period, according to a bourse filing on Wednesday.

As for standalone businesses, the company achieved net profits of EGP 531.97 million in the three-month period ended 30 November 2021, up from EGP 460.1 million in the corresponding period of the earlier year.

It is noteworthy to mention that in the 12-month period ended 31 August, the company reported standalone net profits of EGP 498.57 million, up by 65.1% YoY from EGP 301.93 million.