Egypt: Canal Shipping Agencies logs 65% YoY higher profits in H1 FY2024/25
Canal Shipping Agencies (CSAG) logged net profits after tax of EGP 905.87 million in the first half (H1) of fiscal year (FY) 2024/2025, an annual hike of 65% from EGP 547.55 million, according to the financial results.
Sales hit EGP 62.01 million at the end of December 2024, up 22% year-on-year (YoY) from EGP 50.76 million.
In the first quarter (Q1) of FY2024/25, Canal Shipping Agencies posted 136.84% YoY higher net profits after tax at EGP 33.325 million, compared to EGP 14.071 million.
The EGX-listed firm is a Holding Company for Maritime and Land Transport's subsidiary that provides marine port services and shipping services to international commercial fleets.
The company operates four agencies: Asswan Shipping Agency, Assuit Shipping Agency, El Menia Shipping Agency, and Damanhour Shipping Agency.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
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