Arab Finance: Development and Engineering Consultants (TAMEER) reported a 620.95% year-on-year (YoY) climb in standalone net profits after tax during the first quarter (Q1) of 2023, according to the standalone financial statement filed to the Egyptian Exchange (EGX) on May 29th.
The company registered a standalone net profit after tax of EGP 36.427 million in Q1 2023, compared to EGP 5.052 million in Q1 2022.
Operating revenue jumped to EGP 92.394 million in the three-month period ended March 31st from EGP 12.597 million in the same quarter of 2022.
Established in 1954 and listed on the EGX in 1996, TAMEER operates within the capital goods sector focusing on construction and engineering.