PetroSafe sees 30% YoY profit hike in 2023

Reuters

PetroSafe also achieved a profit before tax totaling EGP 75 million, with a 13% increase in assigned projects

Staff Writer, Arab Finance

March 26, 2024

PHOTO

The Petroleum Safety and Environmental Services Company (PetroSafe) has achieved revenues amounting to EGP 670 million in 2023, with an annual growth rate of 30%, Chairman Emad Abdel Razek announced during the company’s general assembly.

PetroSafe also achieved a profit before tax totaling EGP 75 million, with a 13% increase in assigned projects.

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