EgyptAir’s Duty free Revenue Surges 44.4%

EgyptAir’s Duty-Free shops’ revenue grew by 44.3 percent during the first nine months of the current fiscal year.

The company’s earnings reported EGP 570.79 million, compared to EGP 357.6 million in the corresponding period last year.

Total profit rose to EGP 166.245 million during the same period compared to EGP 111.288 million in the comparable term last year.

The Duty-Free share price recorded EGP 1.01 compared to EGP 0.74 in the proceeding fiscal year.


New branches:

Earlier, the company revealed the launch of a new branch at the Sheraton Hotel and another one in the Maadi district.

In addition, the group concluded the renovation of the Hurghada International Airport branch.

New Destinations:

Moreover, the civil aviation minister’s adviser Amjad Aref noted that EgyptAir strives to expand its destinations to stretch to all African capitals, including Djibouti, Eritrea, and Mauritania.

Meanwhile, the EgyptAir operates flights to 30 African cities, including Cameroon’s capital, which is to be appended this year.

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