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

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