May 23, 2021

Egypt Gas turns to profit


ArabFinance: Egypt Gas (EGAS) posted a net profit of EGP 5.833 million in quarter one (Q1) 2021, according to the company’s May 20th financial statements filed to the Egyptian Exchange.

In Q1 2020, the company incurred a net loss of EGP 37.760 million.

The company distributed annualcash dividends of EGP 1 per share on April 26th.

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.

arabfinance


Categories : oil and gas

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