Arab Finance: Egyptian Transport and Commercial Services Company (EGYtrans) posted a 385.78% year-on-year (YoY) increase in its consolidated net profits after tax for the first quarter (Q1) of 2024, according to the firm’s financial indicators filed to the Egyptian Exchange (EGX) on May 30th.

The company has recorded a consolidated net profit after tax of EGP 124.543 million in Q1 2024, compared to a net profit after tax of EGP 25.637 million in Q1 2023.

Consolidated sales rose to EGP 186.438 million during the January-March period of this year from EGP 86.646 million during the same period a year earlier.

Meanwhile, the company’s standalone net profit after tax declined to EGP 133.048 million in Q1 2024 from EGP 23.677 million in the same quarter of 2023.

EGYtrans is an Egypt-based company engaged in international sea, air, and land transportation services.

The company offers a wide range of services such as import and export, general cargo handling, dry cargo handling, customs clearance, warehousing, packing, and specialized transportation.

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