Arab Finance: Egypt Gas’ (EGAS) net profit after tax surged 82% year-on-year (YoY) in 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on February 6th.
The company’s net profit after tax soared to EGP 301.980 million last year from EGP 165.829 million in 2021.
Revenue jumped 30% to EGP 7.025 billion in 2022 from EGP 5.404 billion a year earlier.
Egypt Gas is an Egypt-based shareholding company engaged in the design, installation, operation, and maintenance of natural gas distribution networks and pressure reduction stations for domestic, commercial, and industrial applications.