Cairo – Mubasher: Egypt Free Shops targets EGP 80.31 million in net profits during fiscal year (FY) 2022/2023, compared to around EGP 160.28 million expected to be achieved in FY21/22.

The company also seeks to generate revenues of EGP 677 million in FY22/23, down from EGP 837.31 million in the earlier year, according to a bourse filing on Tuesday.

It is noteworthy to mention that in the July-March period in FY21/22, the company recorded EGP 136.35 million net profits, up from EGP 91.84 million in the year-ago period.