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    Daily News Egypt: Egypt Gas Loses EGP 17.3m in Q1 2015

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Summary

Blaming increased production, wage, and fuel costs, state-owned Egypt Gas has posted first quarter losses of EGP 17.3million for 2015

by: Erica Mills

Posted in:

Press Notes, Africa

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Daily News Egypt: Egypt Gas Loses EGP 17.3m in Q1 2015

Government-owned natural gas projects company Egypt Gas has registered EGP 17.3m losses in the first quarter (Q1) of 2015, compared to EGP 73.1m recorded profits in Q4 2014, the company announced on Sunday.

Increases in production, wages, and fuel costs, amid the stabilisation of the selling price to clients were said to have caused the losses.

Read the full article HERE.

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