Egypt Gas’ H1/2012 Net Profits 1% Down: Indicators

Egypt Gas (EGAS.CA)’s unaudited business results indicators for the fiscal year ended on 30/06/2012 suggest that the company has posted net profits (before taxes) hit EGP 111.397 million, a decline of 1%. Noting that the company had posted net profits of EGP 112.531 million a year earlier.

Worth mentioning, Egypt Gas’ business results for the first quarter of 2012 reported net profits of EGP 103.849 million, an increase of 258%, as it had posted net profits of EGP 28.987 million during Q1/2011.