Cairo – Mubasher: Egyptian Transport and Commercial Services Co (Egytrans) on Sunday said it is looking to achieve after-tax profits of EGP 30.07 million in 2019.
The company is also planning to generate around EGP 204.29 million in revenue and to record a gross profit of EGP 65.6 million in the next year, according to a filing to the Egyptian Exchange (EGX).
Moreover, the company is targeting general expenses of EGP 44.12 million in the coming year.
Egytrans previously reported a 49.2% year-on-year decline in profits for the first nine months of 2018.
Net profit fell to EGP 35.92 million in the nine-month period ended September, from EGP 70.76 million in the year-ago period.
Sales shrank to EGP 161.70 million at the end of September, versus EGP 240.33 million in the same period last year.
