Egypt
Egypt Gas records 46% profit increase in 2023
Published on : 2024-01-29
Egypt Gas reported a 46% year-on-year (YoY) decrease in net profits after tax in 2023 to EGP 162.119 million from EGP 301.967 million, the firm disclosed on January 28th.
Meanwhile, revenues slipped 2% to EGP 6.871 billion from EGP 7.025 billion.
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.
