Arab Finance: Development and Engineering Consultants (TAMEER) posted a 66.6% year-on-year decrease in consolidated profits attributable to the parent company in 2023 to EGP 24.703 million from EGP 73.888 million, as per a disclosure.
Operating revenues surged to EGP 314.168 million in 2023 from EGP 86.509 million in 2022.
In terms of standalone results, the firm earned EGP 4.58 million in net profits after tax last year, versus EGP 24.77 million in the previous year.
Meanwhile, standalone revenues went up to EGP 266.163 million from EGP 86.509 million.
Established in 1954 and listed on the EGX in 1996, TAMEER operates within the capital goods sector focusing on construction and engineering.