Egypt Free Shops Company (EFSC) (MFSC) posted a 4.8 per cent year-on-year (YoY) increase in consolidated profit attributable to the parent company during the first quarter (Q1) of the fiscal year (FY) 2022 to 2023, according to financial statements filed to the Egyptian Exchange (EGX) on Wednesday.
The company’s consolidated profit excluding minority interest rose to EGP 48.873mn ($1.99mn) in Q3 2022 from July to September from EGP 46.639 million a year earlier.
Total operating revenues declined to EGP 229.065mn ($9.32mn) in three months to September 30th from EGP 234.482mn the year before.
EFSC is an Egypt-based company listed on the EGX, engaged in the import and sale of duty-free goods and consumer products.
It offers several brands, fragrances, gift items, tobacco, and types of alcoholic beverages.
