Suez Canal Technology Settling Says Net Profit 2.5% Up In Year

Sues Canal Company for Technology Settling (Suez Canal Technology Settling) – (SCTS.CA) reported a net profit of EGP 138 million during the period from 01/09/2011 till 31/08/2012, a growth of 2.5%. The company had posted a net profit of EGP 134.654 million during the period from 01/09/2010 till 31/08/2011.

The company revenues dropped to EGP 82.130 million; while they hit EGP 82.368 during the same comparable period.

Profit increase was due to the high investment revenues which hit EGP 103.298 million, compared to EGP 75.145 million.

Net operating profits – after excluding other expenses and adding the revenues – reached EGP 141.589 million, compared to EGP 134.753 million.