Current Nawat at Egyptian ports
  • Red Sea El-Wasm (El-Awaa) Start 16 October - Duration 13 day ، Autumn
  • Mediterranean Sea El-Saliba Winds Start 20 October - Duration 3 days ، Mostly` without rains

Improvement in revenues of companies working in MT field for current fiscal year

 Land and Maritime Transport holding company has executed its general assemblies concerning companies submitted to law 159 for the year 1981 and that are working in the field of shipping agencies and maritime services and they are 5 in number and in its Capital participates Land and maritime transport holding company, with a percentage from 5% to 49%, and these were at transport holding company headquarters at Alexandria.  

  The company has mentioned in a Press release accreditation for the results of the three shipping agencies (Amoun, Mamphis, and Abu Sinbel) and also Egyptian company for maritime imports and Suez stevedoring company for the fiscal year 2017/2018 in the attendance of admiral/ Mohamed Ahmed Ibrahim Youssef, head of board of directors of Land and Maritime Transport holding company, where results have shown a noticeable improvement in the companies’ performance.  Total revenues of achieved activity throughout the year for the five companies have reached 159million, 300thousand pounds against 123million, 300thousand pounds in the previous year with a growth percentage 29.2%.  

  The holding company statement has shown improvement in the five companies’ performance for the fiscal year 2017/2018; this through continuous meetings with such companies’ administrations and also through recommendations issued at executive companies’ boards which had its great effect in correcting the route of such companies and fulfilling positive results: where there has been integration between the companies and affiliated similar companies  in the same field of services, shipping and Customs clearance, hence leading to improvement in performance, effective participation and achievement of high growth rates  

  Worth noting is such companies increase of competitiveness in fulfilling its requirements especially towards governmental entities such as electricity, water, petroleum that it pay regularly with making regular schedules  for social insurance payments.  Moreover, now there is a comprehensive calculation of taxes in order to be paid with exemptions stated by law number 174 for the year 2018 with 90% reduce for any delays or interests.   

  


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