Public Business Sector
The President gave directives to continue efforts to improve and develop the performance, management practices, and operations of public business sector companies.
Net invested capital hit LE 558.1 billion in 2018-2019, in comparison to EGP 519.7 bn in 2017-2018, with a 7.4 percent increase, the CAPMAS' bulletin said.
The meeting falls within the framework of a comprehensive plan to develop the Egyptian maritime transport system, carried out by the Transport Ministry.
President Abdel Fatah al-Sisi on Saturday ordered preparing a study on troubled firms of the public business sector to back successful ones.
Eastern Company’s net profit rose 17.8 percent to stand at LE 1.7 billion ($94.8 million) in the fiscal year of 2016/2017.
The total value of deposits at the Egyptian banking system slumped LE 114 billion ($6.2 billion) in one month, recording LE 2.7 trillion in February.
Revenues of public business sector companies in the first nine months of FY2016/17 reached LE 60 billion ($3.3 billion).
