Public Business Sector
Net invested capital hit LE 558.1 billion in 2018-2019, in comparison to EGP 519.7 bn in 2017-2018, with a 7.4 percent increase, the CAPMAS' bulletin said.
The meeting falls within the framework of a comprehensive plan to develop the Egyptian maritime transport system, carried out by the Transport Ministry.
President Abdel Fatah al-Sisi on Saturday ordered preparing a study on troubled firms of the public business sector to back successful ones.
Eastern Company’s net profit rose 17.8 percent to stand at LE 1.7 billion ($94.8 million) in the fiscal year of 2016/2017.
The total value of deposits at the Egyptian banking system slumped LE 114 billion ($6.2 billion) in one month, recording LE 2.7 trillion in February.
Revenues of public business sector companies in the first nine months of FY2016/17 reached LE 60 billion ($3.3 billion).
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