Arab Finance: targeting a company Egypt Gas (EGAS)Achieving revenues worth 8.4 billion pounds during 2025, compared to 6.6 billion pounds expected in 2024, an increase of about 1.8 billion pounds, according to statement Egyptian Stock Exchange.
It also approved the estimated budget for 2025, targeting achieving a net profit of 305 million pounds, compared to 245 million pounds expected in 2024.
The company agreed to proceed with the procedures for signing a contract with the Technical Company for Natural Gas Line Operation Services to carry out work to raise the efficiency of 10 measuring stations in the Kingdom of Jordan with an estimated value of $9.4 million, with the implementation period being 52 weeks.
About the results of its operations for the financial period ending in 30/09/2024which showed achieving a net profit of 180.639 million pounds, compared to a net profit of 138.621 million pounds for the same period of the previous year.
The company was established in 1983 for the purpose of implementing natural gas projects and establishing, operating, managing and owning pipelines, facilities, facilities, gas systems and all equipment in accordance with the provisions of the law. The company has the right to carry out all work related to these activities.
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