Cairo – Mubasher: Egyptian Transport and Commercial Services (Egytrans) expects its revenues to decline by 5% to 10% in 2017, said a bourse filling.
The company will continue in finishing the projects it started in 2016 in order to deliver them next year.
Moreover, the company expects to achieve revenues of EGP 175 million by the end of 2016.
Earlier, the company reported revenues of EGP 414.5 million for the first nine months of 2016, while posted net profits of EGP 102.25 million for the same period.
The company also stated that it seeks to join new projects, but it ruled out any plans to raise its capital.
