Integrated Engineering Group’s standalone losses rise 75% YoY in 2023

Updated 3/3/2024 2:02:00 AM
Integrated Engineering Group’s standalone losses rise 75% YoY in 2023

Arab Finance: Integrated Engineering Group (IEG) reported a 75.2% year-on-year increase in its standalone net losses after tax in 2023, incurring EGP 3.726 million, compared to EGP 2.127 million, as per the company’s financial statement filed to the Egyptian Exchange (EGX) on March 3rd.

On the other hand, standalone revenues rose to EGP 8.287 million last year from EGP 4.981 million in 2022.

Established in 2008, Integrated Engineering Group is a steel construction company that offers comprehensive engineering solutions for industrial projects.

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