The Egyptian state-owned Holding Company for Maritime and Land Transport approved Friday financial statements ended on June 30, with net profits estimated at 608 million Egyptian pounds ($37.4 million).
Egypt’s Minister of Public Sector Affairs Ashraf El-Sharkawy headed the meeting of the state-owned company in presence of chairman and members of general assembly and representatives of Central Auditing Organisation (CAO).
Mohamed Youssef, chairman of the Holding Company for Maritime, said his company achieved net profit worth 608.263 million pounds, a 75.2 percent rise from 2014-2015.
The financial indicators of the company showed that revenues reached 733.956 million pounds, with a 46.2 percent rise from a year earlier.
The indicators also showcased affiliates’ revenues registered 5.771 billion pounds, 35.7 percent higher from 2014-2015.
In addition, affiliates’ profits hit 2.113 billion pounds with an increase of 2015 by 61.5 percent.
