Sherif Farouk, Chairperson of Egypt Post, announced on Tuesday that the Authority’s Board of Directors ratified the budget for the fiscal year 2022/23, showcasing a remarkable net surplus of EGP 4.4bn. Under Farouk’s leadership, Egypt Post has achieved significant milestones in the past three years. The Authority has recorded a net profit of EGP 4.4bn, marking a net profit growth rate of 21%. Service revenues have also seen a substantial increase, reaching EGP 5bn with a similar growth rate of 21%. These initiatives have significantly bolstered Egypt Post’s position in the market, restoring customer confidence and reclaiming its deserved market share.

Source: Daily News Egypt December 06, 2023 17:21 UTC