Income fell 1.5 billion pounds in a year



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Email: Costing 1.5 billion pounds in a year from the Schoolmaster site, Thursday, 22 November 2018.

"E-mail": a profit of 1.5 billion pounds fell per year

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Issam Al Saghir, head of the Post Office Authority, said that the Commission achieved net profits at the end of the fiscal year ending on June 30 this year, at 3.5 billion pounds, against 5 billion pounds in same period of fiscal year 2017/2016, with a loss of around 1.5 billion pounds.
Al-Saghir said at a news conference at the Commission's headquarters that the reason for this loss is that citizens have withdrawn their savings to buy bank investment certificates which will return by 205, as well what happened on stock money.
Al-Saghair said he paid about LE 1 billion in taxes to the state. He stated that the total number of postal businesses during the fiscal year ended 30 June 2018 to 25 billion pounds, compared to 22 billion pounds in 2017, a 12% increase over the previous year.

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