Egypt: Suez Canal Technology achieves EGP 774mln in 9 months

Egypt’s Suez Canal Company for Technology (SCTS) announced that its profits rose 49.2 percent during the nine months ending last May to exceed 774.9 million Egyptian pounds compared to about 519.1 million pounds during the same period in 2022.

Revenues rose by 10.3 percent over the nine months that ended last May, registering more than 1.18 billion pounds, compared with about 1.07 billion pounds during the same period that ended May 2022.

It is worth mentioning that the Suez Canal Company for Technology Settling SAE is an Egypt-based joint stock company that offers information technology (IT) educational services in Egypt.