ICEC

ETRS achieves 6.1% Net Profits Rise in 2011

The consolidated financial statements for Egyptian Transport (Egytrans) (ETRS) have unveiled the achievement of net profits value at L.E10.232 million during the fiscal year 2011 recording a growth of 6.1%, compared to net profits valued at L.E9.645 million during the fiscal year of 2010.

The total long-term assets have witnessed a dip to reach L.E56.2 million, compared to L.E61.511 million during 2011. Yet, the working capital has witnessed an increase amounted to L.E130 million, compared to L.E128 million in 2010.

Elsewhere, the non-consolidated financial statements have revealed the achievement of net profits value at L.E9.951 million, compared to L.E13.717 million during 2010.

Amwal Al Ghad

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