State-run Egypt Gas eyes 8% growth in 2019 profits

Egypt Gas Company targets an eight-percent surge in its profits to 26.57 million Egyptian pounds ($1.5 million) at the end of 2019 from 24.57 million pounds at the end of the year.

The state-owned firm also plans to post revenues worth 3.1 billion pounds at the end of next year, up from 2.6 billion pounds this year.

During the first nine months of the current year, losses narrowed to 17.6 million pounds, compared with 58.9 million pounds during the same period in 2017.