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  • Egytrans to provide studies for warehouses in Africa

    Egytrans to provide studies for warehouses in Africa

    ArabFinance: The Egyptian Transport and Commercial Services Company (Egytrans) (ETRS) was awarded a tender by the Holding Company for Maritime and Land Transport for a project in East and Central Africa, according to the company’s May 20th statement filed to the Egyptian Exchange.

    Under the contract, Egytrans, in partnership with B2B company, will study and evaluate the establishment of warehouses under the new project, Jusur (Bridges), which aims at enforcing intra-African trade and economic relations.

    “The potential outcome in terms of enhanced trade and economic relations is significant,“ according to Egytrans Chairman Abir Leheta Chairman.

    The studies, which begin in May, will be submitted to the holding company in stages that end in June 2020.

    The company posted a consolidated net profit of EGP 28,319,381 in 2019, compared to EGP 35,524,033 a year earlier, taking into account the minority rights.

    Standalone net profit came in at EGP 28,319,381 in 2019, compared to EGP 35,524,033 last year.

    Egytrans is an Egypt-based company engaged in the international sea, air, and land transportation services. The company offers a wide range of services such as import and export, general cargo handling, dry cargo handling, customs clearance, warehousing, packing, and specialized transportation.

     

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