Egypt Gas Yearly Revenues Fall 48.7 Percent

Published February 16th, 2021 - 10:30 GMT
Egypt Gas Yearly Revenues Fall 48.7 Percent
On a yearly basis, the company reported a 67% decline in its net profit during the first nine months of 2020, recording EGP 9.06 million. (Shutterstock)
Highlights
Net profit after tax stood at EGP 84.63 million in 2020, compared to EGP 164.95 million in 2019.
Egypt Gas (EGAS) posted a 48.7% Year on Year fall in its net profit in 2020, according to the company’s unaudited financial statements filed to the Egyptian Exchange on February 15th.

 

Net profit after tax stood at EGP 84.63 million in 2020, compared to EGP 164.95 million in 2019.

On a yearly basis, the company reported a 67% decline in its net profit during the first nine months of 2020, recording EGP 9.06 million.

Egypt Gas is an Egypt-based shareholding company engaged in the design, installation, operation, and maintenance of natural gas distribution networks and pressure reduction stations for domestics, commercial, and industrial applications.


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