Giza General Contracting’s consolidated profit edges up 2% YoY in H1
Updated 8/16/2023 9:51:00 AM
Arab Finance: Giza General Contracting and Real Estate Investment Company’s (GGCC) consolidated net profit excluding minority interest rose by 2% for the first half (H1) of 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on August 16th.
The company recorded a consolidated net profit attributable to the parent company of EGP 39.443 million in H1 2023, compared to EGP 38.670 million in H1 2022.
Operating revenues reached EGP 502.931 million in the six-month period ended June 30th, down from EGP 711.172 million in the year-ago period.
At the level of the standalone financial statement, the company registered a standalone net profit of EGP 40.095 million during the first six months of 2023, compared to a profit of EGP 38.680 million in the same half of last year.
Giza General Contracting is an Egypt-based public shareholding company that operates in the construction and engineering industries sector.
The company is primarily involved in general contracting activities, such as operations, manufacturing, and trade in industry-related activities.
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