The Central Agency for Public Mobilisation and Statistics (CAPAMS) on Tuesday announced the annual bulletin for financial statistics and indicators of investment in private sector companies in 2016. The CAPMAS said that the value of fixed assets reached EGP 434.2bn in 2016, compared to EGP 376.6bn in 2015, an increase of 15.2%. "This was mainly in the manufacturing sector activity, especially manufacture of basic metals," according to the CAPMAS. The value of investment capital reached EGP 674.7bn in 2016, compared to EGP 565.8bn in 2015, with an increase of 19.2%, mainly from an increase in the manufacturing sector, especially the coal industries, oil, and information technology sectors. Moreover, the CAPMAS stated that the value of realised profits amounted to EGP 40.6bn in 2016, compared to EGP 30.4bn in 2015, an increase of 33.6%. This increase was concentrated in the manufacturing sector, especially the activity of fuel industry, petroleum products, communications and information sectors. The current activity costs amounted to EGP 428bn in 2016, compared to EGP 335.3bn in 2015, an increase of 27.6%. This increase was concentrated in the manufacturing sector, especially the activity of food and base metals industries. The value of projects under implementation amounted to EGP 52.5bn in 2016, compared to EGP 47.7bn in 2015, an increase of 10.1%. This increase was concentrated in the manufacturing sector, especially the activity of coal and petroleum products. Furthermore, the total revenues of the current activity amounted to EGP 367.7bn in 2016, compared to EGP 316.3bn in 2015, with an increase of 16.2%, mainly fuelled by an increase in the base metals industry and the information and communications technology sector, according to the CAPMAS.
