Egyptian Transport and Commercial Services Co (Egytrans), listed on the Egyptian Exchange (EGX), reported a 26.8% year-on-year increase in its consolidated profits for the first quarter of 2019, the company’s financial indicators revealed.

The company has recorded a net profit of EGP 17.55 million during the three-month period ended 31 March 2019, versus EGP 13.83 million in Q1-18, according to a statement released on Monday.

Revenue grew to EGP 89.02 million at the end of March from EFP 62.34 million in the same quarter of 2018, Egytrans added.

Egytrans’ standalone financial indicators previously showed it generated profits of EGP 23.73 million in Q1-19, up 25% year-on-year from EGP 18.99 million.

It is worth noting that Egytrans had achieved consolidated profits of EGP 41.8 million during the full-year ended 31 December 2018, compared to EGP 77.25 million in 2017.

-Mubasher