Arab Finance: MB for Engineering and Contracting (MBEN) posted a 1,071.46% hike in consolidated net profit after minority interest and tax during the first half of 2023 (H1), according to the financial statement filed to the Egyptian Exchange (EGX) on August 30^th.

The company achieved a consolidated net profit attributable to the parent company of EGP 8.372 million in the six-month period ended June 30^th, compared to EGP 714,691 in the same period of 2022.

Sales amounted to EGP 148.126 million in H1 2023, up from EGP 102.964 million in H1 2022.

Established in 1990, MB for Engineering operates within the capital goods sector, focusing on construction and engineering.

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