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  • Egypt Free Shops announces targeted net profit for FY 2020/2021

    Egypt Free Shops announces targeted net profit for FY 2020/2021

    ArabFinance: Egypt Free Shops Company (EFSCO) (MFSC) approved the budget for the fiscal year (FY) 2020/2021, targeting a net profit of EGP 7.453 million, according to the company's June 28th statement filed to the Egyptian Exchange.

    For FY 2019/2020, the company targeted a net profit of 108.899 million. 

    The company posted a consolidated net profit of EGP 111,470,710 in the first nine months of FY 2019/2020, compared to EGP 110,354,280 posted in the corresponding period a year earlier.

    In the same period of FY 2019/2020, standalone net profit reached EGP 111,452,812, a 104% climb from EGP 18,275,833 in the prior-year period.

    The company distributed a cash dividend of EGP 1.065 per share on August 29th to the shareholders recorded on August 26th.

    EFSCO is an Egypt-based public shareholding company engaged in the import and sale of duty-free goods and consumer products. It offers several brands and types of alcoholic beverages, tobacco, fragrances, and gift items.

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