Sianco Announces Revenues of EGP 1.8B in 2021

Sianco Announces Revenues of EGP 1.8B in 2021

Egyptian Company for Appliances Maintenance & Technical Services (Sianco) held the general assembly meeting to review its business results for the year 2021, in the presence of Magdy Galal, Chairman of the Egyptian Natural Gas Holding Company (EGAS), Alaa El Batal, the Egyptian General Petroleum Corporation (EGPC)’s Chairman, as well as Vice-Presidents of EGPC, EGAS, representatives of capital and the Central Auditing Organization (CAO).

Sianco Chairman Yasser Abu Al-Ela explained that the financial indicators showed that the company had achieved distinguished and unprecedented results, as the total revenues amounted to EGP 1.8 billion and the net profit was EGP 82 million, and this led to the improvement of the cumulative economic indicators from previous years.

These milestones were achieved as a translation of the employees’ efforts and the diversification of the company’s various activities, including maintenance of household appliances, periodic review, and follow-up work for devices operating on natural gas and butane, as well as receiving works for internal and external installations and natural gas projects.

The company has succeeded for the first time in implementing the works of receiving external networks and connections across Egypt within the framework of the national project to deliver natural gas to households. In addition, Sianco participated in the work of the project to establish greenhouses in Lahoun within Egypt’s plan for food self-sufficiency.

Sarah Samir 2782 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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