Arab Finance: MB Engineering (MBEN) reported a 783.1% year-on-year surge in its consolidated net profits after tax and non-controlling in 2023 to EGP 42.049 million, compared to EGP 4.762 million as per a statement.
Meanwhile, revenues hiked to EGP 305.046 million from EGP 212.578 million.
The firm’s standalone net profits after tax soared to EGP 43.141 million last year from EGP 598,395 the year prior.
Standalone revenues grew to EGP 59.475 million from EGP 5.909 million in 2022.
Established in 1990, MB Engineering is a public company that operates within the capital goods sector focusing on Construction and Engineering.