HELD UNDER THE PATRONAGE OF HIS EXCELLENCY ABDEL FATTAH EL SISI, PRESIDENT OF THE ARAB REPUBLIC OF EGYPT

17 - 19 FEBRUARY 2025

EGYPT INTERNATIONAL EXHIBITION CENTER

17 - 19 FEBRUARY 2025

EGYPT INTERNATIONAL EXHIBITION CENTER

DRIVING ENERGY TRANSITION, SECURITY AND DECARBONISATION

Egypt Gas’s profits grow 48% YoY in Q1 2024

Egypt Gas reported a 48.1% YoY increase in Q1 2023 net profits to EGP 138.966 million, up from EGP 93.85 million, announced on May 16th.

Thursday, 16 May 2024

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Egypt Gas saw a 48.1% year-on-year (YoY) surge in net profits after tax in the first quarter (Q1) of 2023, registering EGP 138.966 million from EGP 93.85 million, the firm stated on May 16th.

 

Meanwhile, operating revenues grew to EGP 1.319 billion in Q1 2024, versus EGP 1.013 billion in the same period a year earlier.

Established in 1983, Egypt Gas provides a wide range of services in the oil and gas field and other related fields, including natural gas distribution Engineering, procurement, and construction (EPC)-based projects.

Source - ZAWYA