Cairo – Mubasher: The profit of Suez Canal Company for Technology Settling surged by 755% year-on-year during the fiscal year 2018/2019.

The profits leapt to EGP 476.6 million during the period from September 2018 to August 2019 when compared to a profit of EGP 55.7 million in FY17/18, according to a bourse statement on Tuesday.

Revenues from assets decreased to EGP 82.33 million in FY18/19, versus EGP 101.06 million a year earlier.

Over the first nine months of 2019, the company achieved a net profit of EGP 405.26 million, up from EGP 47.83 million a year earlier.