EGYtrans’ consolidated profit surges 79.8% YoY in Q1
Updated 5/22/2023 9:22:00 AM
Arab Finance: Egyptian Transport and Commercial Services Company (EGYtrans) posted a 79.8% year-on-year (YoY) increase in its consolidated net profits after tax for the first quarter (Q1) of 2023, according to the firm’s financial indicators filed to the Egyptian Exchange (EGX) on May 22nd.
The company has recorded a consolidated net profit after tax of EGP 25.638 million in Q1 2023, compared to a net profit after tax of EGP 14.263 million in Q1 2022.
Consolidated sales dropped to EGP 86.646 million during the January-March period of this year from EGP 94.289 million during the same period a year earlier.
Meanwhile, the company’s standalone net profit after tax declined to EGP 23.677 million in Q1 2023 from EGP 25.686 million in the same quarter of 2022.
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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