Development and Engineering Consultants’ H1 consolidated profits hike 261.5% YoY
Updated 9/5/2023 9:06:00 AMArab Finance: Development and Engineering Consultants (TAMEER) posted a 261.55% year-on-year increase in consolidated profit attributable to the parent company during the first half (H1) of 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on September 5th.
The company’s consolidated profit stood at EGP 80.794 million in H1 2023, up from EGP 22.346 million in H1 2022.
Operating revenues surged to EGP 215.287 million in H1 2023, compared to EGP 28.883 million in the same period a year earlier.
Established in 1954 and listed on the EGX in 1996, TAMEER operates within the capital goods sector focusing on construction and engineering.
