Public business companies’ profits exceed EGP 7 bln

Minister of Public Business Sector Ashraf Al Sharkawi said that the net profits of public business companies’ portfolio had passed EGP seven billion, pointing out that the rates of profits would achieve bigger surge by June 30.

These remarks were made Tuesday during the minister’s meeting with the parliament’s industry committee, presided by MP Ahmed Samir.

The minister said studies were being conducted to define the actual problems facing loser companies. (MENA)