Egypt Gas Net Profits Reach EGP 8.93 M in Q1 2019
Egypt Gas net profits reached EGP 8.927 million, after recording EGP 13.54 million losses during the same period in 2018.
Egypt Gas net profits reached EGP 8.927 million, after recording EGP 13.54 million losses during the same period in 2018.
The company will gain between EGP 50-55 billion from the Egyptian Refining Company (ERC), which is set to start operating in Q3 2019.
The surge in revenues is attributed to the unprecedented volume of contracts that were signed last year, which totaled EGP 40 billion.