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Nov 17 2011

Egypt's Suez Canal Revenues Increase 4.8% In October Vs Yr Ago

Thursday, Nov 17, 2011

(This story was originally published Wednesday.)

CAIRO (Zawya Dow Jones)--Revenue from Egypt's Suez Canal rose 4.8% to $447.9 million in October, compared with the year earlier month, according to data from the Suez Canal Authority .

Income rose 2.2% from the month earlier, when revenues stood at $438.3 million.

The authority said cargo traffic increased by 8.4% in October, compared with the same month last year. Southbound cargo registered an increase of 10.8%, while Northbound cargo rose by 6%.

-By Farah Halime; Contributing to Dow Jones Newswires; Fhalime@gmail.com

Copyright (c) 2011 Dow Jones & Co.

(END) Dow Jones Newswires

17-11-11 0352GMT

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