Egyptian Gas Cool Co. profits rose 49% in 2015

The Egyptian Company For Refrigeration By Natural Gas – Gas Cool has boosted annual profits by 49 percent to 33.7 million Egyptian pounds (US$3.7 million) during fiscal year 2014-2015.

Chairman Alaa Hegazy stated Saturday that this rise is due to the projects that the company has finished last year.

The chairman asserted that Gas Cool exerts efforts to continue executing its projects in order to increase profits during current financial year 2015-16.

The company also targets participating in upgrading performance of petroleum sector in addition to implementing sector’s strategy that aims at raising growth rates within the upcoming years, Hegazy added.

Chairman Hegazy clarified that Gas Cool is currently executing a number of projects in cooperation with some gas firms.