Cairo – Mubasher: Canal Shipping Agencies’ ordinary general meeting (OGM) has approved the estimated budget for the fiscal year 2017-2018, targeting a profit of EGP 60 million, 10.7% up from an expected profit of EGP 54.2 million for the current year.
The company plans to increase its revenues by 14.7% to EGP 70 million during fiscal 2017/18, versus expected revenues of EGP 61 million for fiscal 2016/17.
Investment budget is estimated at EGP 6 million in 2017/18, according to a bourse statement.
