Prosylab to Achieve A EGP 80 Mln Business Volume

By Administrator On Sep 29, 2012

Prosylab Information & Communications Systems aims to achieve a volume of business worth EGP 80 million, including EGP 42 million revenues by the end of 2012.

Mokbel Fayyad, Managing Director of Prosylab, said the company will take up a number of national projects in the coming period, expecting that the company’s volume of business will reach EGP 80 million, recording a EGP 20-million increase, compared to the last year.

He pointed out that most of the projects have been suspended since the 25^th of January Revolution, noting that the company has not obtained its dues at the governmental bodies, which amount to EGP 16 million. He further explained that the company has achieved a business volume of EGP 25 million in the first half of this year.

He added that the company cooperates with the government, banks, and the communication sectors, in addition to working currently on carrying out some projects in Saudi Arabia and Qatar. It also aims at launching projects in Emirates in the next period.