CANAL Shipping Agencies (CSAG) logged net profits after tax of EGP905.8 million (US$17.8 million) in the first half of fiscal year 2024/2025, an annual hike of 65 per cent from EGP547.55 million, reported Cairo's Arab Finance

In the first quarter (Q1) of FY2024/25, Canal Shipping Agencies posted 136.84 per cent higher net profits after tax at EGP 33.325 million, compared to EGP 14.071 million.

The EGX-listed firm is a Holding Company for Maritime and Land Transport's subsidiary that provides marine port services and shipping services to international commercial fleets.

The company operates four agencies: Asswan Shipping Agency, Assuit Shipping Agency, El Menia Shipping Agency, and Damanhour Shipping Agency.