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FinancialNews


  • 26-07-18

    Egyptian railways post 10.3 percent boost in H1 revenues

    (MENAFN) Egypt's National Railways Authority was found to have recorded a 10.3 percent surge in its revenues during the first half of this year, reaching USD57.7 billion.

    Statics agency CAMPAS unveiled revenues to have posted a 17.3 percent increase in June, standing at 175.9 million pounds from 150 million pounds seen last year in June.

    The state-owned agency also showed a 1 percent decline in the number of passengers using Egypt's railways, reaching about 125.7 million during the first six months this year, compared to 127 million last year during the same period.

    CAMPAS added "the quantity of goods transferred in the railways dropped 18.2 percent to 2.171 million tonnes during the January-June 2018 period, compared with 2.567 million tonnes during the same period in 2017."

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