February 3 .. The General Assembly of “EGYTRANS” is considering amending its statutes

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The Board of Directors of the Egyptian Transport Services Company “EGYTRANS” decided to invite the Ordinary and Extraordinary General Assembly to convene on February 3. To discuss amending Articles 5 and 22 of the Company’s Articles of Association, regarding changing the headquarters and increasing the seats of the Board of Directors.

She added that the ordinary general assembly will consider the inclusion of a new member of the company’s board of directors.

The profits of the Egyptian Transport Services Company “Egytrans” decreased by 60% during the first nine months of this year, to reach 12.1 million pounds, compared to a net profit of 30 million pounds in the comparative period of the previous year 2019, taking into account the rights of the minority.

The company’s total sales during the period decreased by 35% to reach 149.4 million pounds by the end of June, compared to 214.7 million pounds during the same period last year.

The company attributed the decline in its profits to the decrease in operating profits as follows:

During the first half of this year, the company achieved a net profit of 9.57 million pounds from the beginning of January until the end of last June, compared to 23.73 million pounds during the same period last year.

The company’s revenues declined during the first six months of this year, and recorded 101.42 million pounds by the end of June, compared to 156.05 million pounds during the same period last year.

Article 3 February .. EGYTRANS general assembly is considering amending its articles of association. It was written in Al Borsa newspaper.