Egypt’s Suez Canal revenues fall in the month of June

Published July 23rd, 2015 - 02:22 GMT

Egypt's Suez Canal revenues continued to fall in June for the fourth consecutive month, reaching US$431.6 million, compared with $443.9 million in June last year, according to the Suez Canal Authority.

The canal's revenues declined by 4 percent during the period of March — June 2015, compared to the same period last year. However, the canal's revenues inched 0.07 up to reach $5.37 billion in the fiscal year of 2014/2015, compared with the previous fiscal year.
The revenues from Egypt's Suez Canal are one of the country's main sources of foreign currency.

© Copyright Egypt Independent. All rights reserved.

You may also like