ArabFinance: Al Fanar for Contracting, Construction, Trade, Import And Export Company (FNAR) reported a 88% Year on Year decrease in its net profit in Quarter one (Q1) of 2020, according to a June 10^th disclosure filed to the Egyptian Exchange.

Net profit reached EGP 39,177 in Q1 2020, compared to EGP 315,680 achieved in the prior-year period.

In 2019, the company posted a net profit of EGP 1,260,770 dropped from EGP 1,769,223 a year earlier, with a 29% profit decrease.