Cairo – Mubasher: The consolidated net profits of Suez Canal Company for Technology Settling hiked to EGP 1.32 billion in fiscal year (FY) 2023/2024 from EGP 860.81 million in FY22/23.
The EGX-listed firm posted revenues amounting to EGP 2.07 billion as of 31 August 2024, up year-on-year (YoY) from EGP 1.55 billion according to the financial results.
Meanwhile, the earnings per share (EPS) jumped to EGP 14 in FY23/24 from EGP 8.89 in the previous FY.
Standalone Financials
Suez Canal Technology logged standalone net profits after tax valued at EGP 836.88 million in the September 2023 - August 2024 period, versus EGP 756.02 million in the year-ago period.
Non-consolidated revenues widened to EGP 694.44 million in FY23/34 from EGP 601.78 million a year earlier, while the EPS increased to EGP 9.06 from EGP 8.18.
In the first half (H1) of FY23/24, the consolidated net profits after tax hit EGP 716.75 million, while the standalone earnings reached EGP 763.28 million.
