Arab Finance: Nasr Company for Civil Works achieved 389.67% year-on-year (YoY) higher net profits after tax at EGP 68.150 million in 2024, the financial indicators showed.
The recorded net profits were compared to EGP 13.917 million at the end of December 2023.
Revenues dropped by 27.63% YoY to EGP 347.063 million in 2024 from EGP 479.595 million.
Basic earnings per share (EPS) increased to EGP 0.42 from EGP 0.09.
In the first nine months of 2024, the EGX-listed firm logged net profits after tax of EGP 5.485 million, against net losses valued at EGP 22.081 million in the nine months of 2023.
Nasr for Civil Works is an Egypt-based public shareholding company engaged in the construction sector. The company provides construction and development contracting services for infrastructural projects related to energy, utilities, housing, roads, and ports.