Egypt: Misr Duty Free Shops targets $4mln profits for FY2025/26
Arab Finance: Misr Duty Free Shops' board of directors approved the estimated budget for fiscal year (FY) 2025/2026, targeting net profits after tax amounting to EGP 234.017 million, as per a bourse filing.
This amount is lower than the EGP 395.488 million profits planned for FY 2024/2025.
Meanwhile, the EGX-listed firm aims to generate total sales valued at EGP 1.607 billion at the end of June 2026, compared to EGP 1.320 billion a year earlier.
Established in 1975, Misr Duty Free Shops is engaged in the import and sale of duty-free goods in foreign and local currencies.
The public shareholding company also sells products to consumers without being exempted from taxes in sales fairs at air, sea, and land ports.
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