Cairo – Egypt: The General Egyptian Warehouses Company announced seeks to generate a net profit worth EGP 100 million for fiscal year (FY) 2019/2020, up 17.6%, compared to EGP 87 million in the FY17/18.
The company, which is a subsidiary of the Holding Company for Maritime and Land Transport, targets a total revenue of EGP 385 million in the coming fiscal year, against EGP 300 million this year, the firm said in a recent statement.
The General Egyptian Warehouses plans to invest up to EGP 16.7 million to develop its fleet and technical workshops.
