Arab Finance: Arab Engineering Industries (EEII) has reported a 373.26% year-on-year (YoY) growth in net profits after tax during the first half (H1) of 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on August 14th.
The company has recorded EGP 30.78 million in net profit after tax, compared to EGP 6.50 million in H1 2022.
Net sales rose to EGP 108.428 million in H1 2023 from EGP 60.774 million in H1 2022.
Arab Engineering Industries is an Egypt-based company engaged in the manufacture of wired condensers for household refrigerators, as well as steel wires.