SCTS logs EGP 66.6M in consolidated profit in 6 months
Updated 4/18/2023 11:47:00 AM
Arab Finance: The Suez Canal Company for Technology Settling recorded a consolidated profit after minority interest of EGP 606.670 million in the six months to February 28th, rising from EGP 454.729 million, according to the financial statements sent to the Egyptian Exchange (EGX) on April 18th.
The company generated consolidated revenues of EGP 875.146 million in the period from September 2022 to February 2023, compared to EGP 771.384 million in the same period of 2022/2023.
As for the standalone financial results, the company recorded a net profit after tax of EGP 681.313 million in the six-month period from EGP 560.105 million in the same period a year earlier.
SCTS engages in the establishment and management of technological zones, scientific incubators, and training centers for the preparation of researchers and transfer of technology.
