|
ECHEM Main activity is
to promote new
projects, expand the existing ones and
attract investments matching with the adoption of growth
strategy.
The
growth of investment show aggressive improvement since establishment of
Echem in January 2002 with Authorized capital EGP 1000 millions,which acts as a backup
for funds
injection from the Egyptian General
Petroleum Corporation – EGPC –
the
owner, with every project.
The
Graph shows the diversity of ECHEM
sources of revenue.
Revenue
/ Expense trend
illustrates the existence of growing
surplus
Echem's Income Statement
|
(In thousands EGP) |
30/6/2008 |
30/6/2007 |
30/6/2006
|
|
Total
income |
328,982 |
237,567 |
173,713 |
|
Total expenses |
100,823 |
74,995 |
45,687 |
|
Total Income before income tax |
228,159 |
162,572 |
128,026 |
|
Corporate Income Tax |
3,662 |
503 |
541 |
|
Net Income |
224,497 |
162,069 |
127,485 |
Balance Sheet (Highlights)
|
(In thousands EGP) |
30/6/2008 |
30/6/2008 |
30/6/2008
|
|
Fixed & Long Term Assets |
1,289,075 |
888,320 |
592,590 |
|
cash |
95292 |
77181 |
56688 |
|
Accounts receivable |
28499 |
59130 |
97932 |
|
Inventories |
31 |
170 |
170 |
|
|
|
|
|
|
Total Assets |
1,412,897 |
1,024,801 |
747,380 |
|
Liabilities |
|
|
|
|
Accounts payable |
26,161 |
21,416 |
29,970 |
|
Income taxes
& tax provision |
1,198 |
1,828 |
276 |
|
Long Term Liabilities |
449,699 |
272,367 |
176,315 |
|
Total Liabilities |
483,575 |
297,111 |
198,102 |
|
Shareholders Equity |
929,322 |
727,690 |
549,278 |
|
Total Liabilities & shareholders equity |
1,041,287 |
1,024,801 |
747,380 |
|
|
|
