Revenues of Holding Transport Co. hit LE 1.4B in 2017/18

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Mon, 11 Mar 2019 - 01:50 GMT

Egyptian currency - Reuters

Egyptian currency - Reuters

CAIRO - 11 March 2019: The Holding Co. For Maritime & Land Transport recorded LE 1.4 billion in revenues during the 2017/2018 fiscal year with a growth rate of 3.4 percent, the Public Business Ministry said.

In a statement, the ministry said the company achieved LE 1.2 billion in net profits with a growth rate of 1.7 percent compared to 2016/2017 fiscal year.

The Finance Ministry's share of the company profits were estimated at LE 834.14 million during the 2017/2018 fiscal year at a 98.6 percent increase compared to 2016/2017.

Public Enterprises Minister Hisham Tawfik chaired the two ordinary and extraordinary general assembly meetings of the company with the participation of the company officials.

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