Arab Finance: MB Engineering (MBEN) reported a 685.2% year-on-year increase in its consolidated net profits after tax and non-controlling in the first nine months of 2023, according to the company’s financial statement on November 15th.

Net profits reached EGP 24.241 million in the nine-month period, compared to EGP 3.087 in the same period a year ago.

Meanwhile, revenues hiked to EGP 232.702 million from EGP 164.584 million.

Earlier in November, the company posted a 524.4% year-on-year surge in its standalone net profits after tax in the first nine months of 2023.

Established in 1990, MB Engineering is a public company that operates within the capital goods sector focusing on Construction and Engineering.

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