Egypt

CO-OP achieved a historic jump in the field of ship supplying within 9 months, with an increase of 25%, and profits exceeding 169 million pounds

Published on : 2020-05-13

Cairo - The financial indicators of Al-Taawon Petroleum Company CO-OP revealed performance during the past 9 months, starting from July 1 to March 31, achieving a historic jump in the field of ship supplying, as the company achieved sales amounting to 200 thousand tons VS. 150 thousand tons for the same period of the previous year, an increase of 25%.

Profits before taxes increased to 169 million pounds compared to 160 million pounds for the same period in the previous year

The sales amount reached 5200 tons of products compared to 5600 tons of products as a result of the events in the country

As for oils, the company achieved a sales volume of 56,000 tons, achieving a profit of 634 million pounds, compared to 595 million pounds for the same period in the previous year, an increase of 6%.

It is worth noting that Al Taawun Petroleum achieved 100% investment plan. 

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