Egypt Gas sees 67% lower profit in 9M

Cairo – Mubasher: Egypt Gas achieved net profits of EGP 9.068 million in the first nine months of 2020, down by 67.4% year-on-year (YoY) from EGP 27.812 million.

The company generated EGP 2.506 billion in revenue in the January-September period from EGP 2.559 billion in the year-ago period, according to a bourse disclosure on Thursday.

During the first half (H1) of 2020, Egypt Gas turned to net losses of EGP 43.4 million, against net profits of EGP 14.44 million in H1-19.

Mubasher Contribution Time: 12-Nov-2020 14:22 (GMT)
Mubasher Last Update Time: 12-Nov-2020 14:22 (GMT)