The share of the channel for the navigational agencies included and circulated on the Egypt Stock Exchange increased by 12.45% during the trading of the session today, to trade at the price of 31.29 pounds per share, achieving its highest price in 209 months.
The trading on the channel’s arrow for navigational agencies at that time came at 5.22 million shares with a value of trading 156.4 million pounds.
The highest price for the share at that time was at 31.74 pounds, while the lowest price for the share was at 27.81 pounds, to touch the share in that the highest price in 17 years, 5 months and 9 days.
The financial statements of the Canal Company for navigational agencies, for the first nine months of the current fiscal year, showed an increase in the company’s net profit by 66% compared to the previous year.
The company recorded a net profit of 945.19 million pounds from the beginning of July until the end of March 2025, compared to 570.86 million pounds during the same period in the last fiscal year.
The company pointed out that this growth in profits is due to the increase in the return of the profits of Port Said and Damietta for containers.
The company’s revenues increased during the nine months to 93.5 million pounds, compared to 77.07 million pounds in the same period in the previous fiscal year.
It should be noted that the channel for navigation agencies achieved a net profit of 905.87 million pounds from the beginning of July until the end of December 2024, compared to 547.55 million pounds in the same period of the last fiscal year.
The company explained that the increase in profits is also due to the increase in the return of the profits of Port Said and Damietta for containers.
The company’s revenues also witnessed during the six months an increase to 62.01 million pounds, compared to 50.775 million pounds in the same period in the previous fiscal year.
