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Annual salaries in Egypt’s private sector rose 7.9% in 2013: CAPMAS

The number of workers in the private sector rose 10.8 percent to 1.2 million in 2013, compared to one million in 2012

Ahram Online , Tuesday 21 Apr 2015
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File photo: Workers stand in a factory belonging to Ezz Steel, Egypt's largest steel producer, at an industrial complex in Sadat City, 94 km (58 miles) north of Cairo, April 17, 2013 (Photo: Reuters)
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Private sector workers earned an average of LE25,700 in 2013, a 7.9 percent increase on 2012, state statistics agency CAPMAS announced on Tuesday.

The number of people working for the private sector firms rose 10.8 percent to 1.2 million in 2013, compared to one million in 2012, added the statement.

In 2013, the number of companies in the private sector saw a  3.6 percent increase with the establishment of 929 new companies, compared to only 897 in 2012.

The capital value of private firms increased 24.2 percent to LE452.7 billion in 2013 compared to LE364.4 in 2014.

Profit distribution, however, fell from LE5.6 billion in 2012 to LE4.9 billion in 2013.

 

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