ArabFinance: Al Fanar for Contracting, Construction, Trade, Import, and Export Company’s (FNAR) net profits after taxes surged to EGP 5.801 million in the fourth quarter (Q4) of 2021, from EGP 402,343 in Q4 2020, according to unaudited financial indicators filed to the Egyptian Exchange (EGX) on Tuesday.
The company’s revenue soared to EGP 57.714 million in three-month period ended December 31st 2021, from EGP 16.233 million in the same period a year earlier.
Al Fanar was established for the purposes of general contracting, construction, trade, import, and export, in addition to land reclamation and land division, 350 for the year 2007 and Presidential Decree No. 356 of 2008.