Maait noted that the state recorded an initial surplus of LE 48 billion during July-April period despite the negative repercussions of the Corona crisis on economic activity, referring to the provision of additional financing of LE 31 billion for the implementation of projects.
The government managed to achieve an initial surplus of LE14 billion as a result of expansion in investment and development projects.
As per standalone profit, the results also turned into profitability in Q1 of 2018 by LE 21.26.
Obour Land recorded a net profit of LE 243 million ($13.79 million) in 2017, compared to LE 162 million in 2016.
Egypt Today reviews the most significant numbers of the Egyptian railways’ financial indicators.
The financial indicators showed that the revenues rose 74.12 percent to LE 42.91 billion, compared to LE 24.64 billion in the prior year.
Palm Hills Development Company’s (PHDC) announced that it achieved a 19.25 percent increase of its profits in 2017.