{"id":646322,"date":"2017-06-12T03:42:07","date_gmt":"2017-06-12T03:42:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/egytrans-reports-threefold-increase-in-bottom-line-for-1q17\/"},"modified":"2017-06-12T03:42:07","modified_gmt":"2017-06-12T03:42:07","slug":"egytrans-reports-threefold-increase-in-bottom-line-for-1q17","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/egytrans-reports-threefold-increase-in-bottom-line-for-1q17\/","title":{"rendered":"Egytrans reports threefold increase in bottom line for 1Q17"},"content":{"rendered":"

EARNINGS WATCH-<\/strong> Transport solutions provider Egytrans<\/strong> grew its net profit after tax more than threefold in 1Q2017 to EGP 20.3 mn, from EGP 6.1 mn 1Q2016, according to a company release (pdf)<\/a>. The increase comes on the back of a 282% rise in revenues, which came in at EGP 111 mn this quarter, driven by the company\u2019s participating in major power projects. \u201cThe rate of change in our financial metrics has been significant over the last twelve months,\u201d Egytrans Chairman Abir Leheta says. \u201cWe continued to focus our portfolio around high-margin, high rate-of-return business, implement meaningful cost reductions across our business, and strengthen our financial position, while seeing structural improvements.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Transport solutions provider Egytrans grew its net profit after tax more than threefold in 1Q2017 to EGP 20.3 mn, from EGP 6.1 mn 1Q2016, according to a company release (pdf). The increase comes on the back of a 282% rise in revenues, which came in at EGP 111 mn this quarter, driven by […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-646322","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"378279fa-59c2-4a23-9b26-c62dc000928c","order":"0","is_powered_by":true,"section_story_id":"9ae64a6a-873b-4dfc-84d6-84e74a2b9583","story_type":"1","photo_url":"","photo_position":"above","related_issue":[646310],"teaser":"","voice_url":""},"yoast_head":"\nEgytrans reports threefold increase in bottom line for 1Q17 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/egytrans-reports-threefold-increase-in-bottom-line-for-1q17\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egytrans reports threefold increase in bottom line for 1Q17\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Transport solutions provider Egytrans grew its net profit after tax more than threefold in 1Q2017 to EGP 20.3 mn, from EGP 6.1 mn 1Q2016, according to a company release (pdf). The increase comes on the back of a 282% rise in revenues, which came in at EGP 111 mn this quarter, driven by […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/egytrans-reports-threefold-increase-in-bottom-line-for-1q17\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-12T03:42:07+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/egytrans-reports-threefold-increase-in-bottom-line-for-1q17\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/egytrans-reports-threefold-increase-in-bottom-line-for-1q17\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egytrans reports threefold increase in bottom line for 1Q17\",\"datePublished\":\"2017-06-12T03:42:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/egytrans-reports-threefold-increase-in-bottom-line-for-1q17\/\"},\"wordCount\":116,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/egytrans-reports-threefold-increase-in-bottom-line-for-1q17\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/12\/egytrans-reports-threefold-increase-in-bottom-line-for-1q17\/\",\"name\":\"Egytrans reports threefold increase in bottom line for 1Q17 - 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The report valued Egytrans\u2019 shares at EGP 12.90 apiece, bringing its total\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/251.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565041,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/15\/egytrans-conditionally-approves-hassan-allam-utilities-purchase-offer\/","url_meta":{"origin":646322,"position":3},"title":"Egytrans conditionally approves Hassan Allam Utilities purchase offer","author":"enterpriseam admin","date":"15 March 2021","format":false,"excerpt":"Transport player Egytrans has conditionally accepted an offer submitted by HA Utilities Holding (HAUH) last week to acquire a controlling stake in the company via a reverse merger, the listed company said in a regulatory filing (pdf). The company\u2019s board \u201ccarefully reviewed the proposal and unanimously concluded that the proposal\u2026","rel":"","context":"In "SPEED ROUND: M&A WATCH"","block_context":{"text":"SPEED ROUND: M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544197,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/16\/speed-medicals-net-income-rose-71-4-y-o-y-in-2021-egytrans-to-undergo-company-restructuring\/","url_meta":{"origin":646322,"position":4},"title":"Speed Medical\u2019s net income rose 71.4% y-o-y in 2021 + Egytrans to undergo company restructuring","author":"enterpriseam admin","date":"16 February 2022","format":false,"excerpt":"EARNINGS WATCH- Speed Medical\u2019s net income rose 71.4% y-o-y in 2021, to record EGP 136.10 mn, according to the company's financial statement (pdf). 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