By Sarah Saad
Egypt’s Minister of State for Military Production Mohamed Salah El Din Mustafa on Saturday 14/12/2024 said that the performance indicators of the Military Production companies and their affiliated units as regards revenues in the year 2023-2024 recorded 14 percent, with a growth rate of 44 percent compared to the year 2022-2023.
The minister made the remarks while presiding over meetings of the general assemblies of companies and units affiliated to the Ministry of Military Production that took place over three days to present the final accounts of the companies and units for the fiscal year (2023-2024).
Mustafa reviewed the performance rates of the companies in terms of operating income, completed production, net sales, inventory of finished goods, number of employees, wages, raw materials, summary of the income statement as well as activity indicators.
He issued directives to the chairmen of the boards of directors of the companies and affiliated units to maximize benefit of available technological capabilities, material and human resources along with enhancing performance levels to achieve better results and increase productivity.
The minister underscored the importance of accelerating the implementation of development projects in the companies and affiliated units along with commitment to the timetables set for the implementation of these projects.
