Canal Shipping Agencies reports earnings of EGP135mn in 2Q16/17
Canal Shipping Agencies [CSAG.CA] has reported its 2Q16/17 financial highlights, with earnings up to EGP135mn compared to only EGP7mn in 2Q15/16 and EGP18mn in 1Q16/17. Revenue came in at EGP11.5mn (-24% Y-o-Y, -19% Q-o-Q), while gross profit came in at EGP2mn (-14% Y-o-Y, -13% Q-o-Q). The company noted that the earnings included FX gains of EGP125.779mn. (Company disclosure)
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