Financial results- Egyptian companies
The industrial & Mining Co. achieved profits of LE 151 million with a total production of LE 3.3 billion and total sales of LE 3.180 billion. This is and the chairman of the company stated that exports reached LE 1.1 billion
Savola Egypt suffered 37.75 percent decrease in net profits during the 1st six month of FY 2000.this is as it registered LE 17.336 million with a LE 4.753 million decrease from the previous year. Sales also went down 36.6 percent to register LE 144.813 million with a LE 53.6 decrease.
Misr Free shops achieved a substantial increase in net profits during the FY ending June 30th 2000.
Net profits reached LE 15.93 million against LE 483 thousands in the previous year. The ordinary general meeting of the company will be held on Sep 15th. — ( El Safwa Stock Brokers )