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The statement
above shows the most important financial indicators which
reflects the results of the company’s operations for the year
ended 30/6/2008 compared to previous year as total revenues
increased by 38% reflecting EGP 329 million compared to EGP 238
million in previous year.
Earning before tax has increased by 40% to
the EGP 228
million compared to EGP 163 million in previous year.
It's important to refer to the
Increase in financing expenses
is due to
the loan granted from the National Bank to finance Echem’s share
in
Projects of the national Petrochemical plan.
The company
has achieved tangible progress in Earning before tax this year
reaching EGP 228 million this year compared to EGP 163
million in previous year.
The graph
shows the boom of the Earning before tax since establishment 2002 till 30/6/2008.
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