Canal Shipping Agencies reports 6% lower profit in Q1-21/22 initial financials

The revenues increased

Cairo – Mubasher: Canal Shipping Agencies achieved net profits of EGP 38.53 million in the first quarter (Q1) of fiscal year (FY) 2021/2022, down by 6% year-on-year (YoY) from EGP 41.05 million, the unaudited financial results showed.

The revenues increased to EGP 19.96 million in the July-September period of 2021, compared to EGP 10.6 million in the prior-year period, the company said in a bourse disclosure on Monday.

In FY20/21, the company achieved net profits of EGP 200.19 million, down from EGP 328.9 million a year earlier.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities