15.4% increase in “Awqaf Authority” profits and revenues in the first quarter of the year

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The Ministry of Endowments announced that the Egyptian Endowments Authority achieved a new record in revenues and profits for the first quarter of the current fiscal year 2021-2022 AD, as the total revenues and profits amounted to 363,899,994 pounds, an increase of 48,515,245 pounds, an increase of about 15.4% over the same period From the 2020-2021 fiscal year.

The Ministry of Endowments said, in a statement, that the Egyptian Endowments Authority will have achieved 4 new records in this first quarter, as follows: In July 2021, it achieved an amount of 100,052,525 pounds, an increase of 11,525,579 pounds over what was collected during the same month last year. an increase of 13%, and in August 2021 it achieved an amount of 122.5 million pounds, an increase of 30,929,832 pounds over what was collected during the same month last year, an increase of 33.8%, and in September 2021 it achieved an amount of 141,254,807 pounds, an increase of EGP 5,967,172 compared to EGP 5,967,172 collected during the same month last year, an increase of 4.4%.

The ministry added that with this, the total for the first quarter (July-August-September) amounted to 363,899,994 pounds, an increase of 48,515,245 pounds, an increase of 15.4 percent over the same period last fiscal year.

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The article was written in Al Borsa newspaper, a 15.4% increase in profits and revenues in the first quarter of the year.