Arab Engineering reports net profit increase

Updated 2/22/2021 11:46:00 AM

ArabFinance: Arab Engineering Industries (EEII) achieved a net profit of EGP 7.29 million in 2020, compared to EGP 6.33 million in 2019, the company stated in a statement filed to the Egyptian Exchange on February 22nd.

The company reported a 17% Year on Year growth in its net profit in the first nine months of 2020, recording EGP 6.38 million, compared to EGP 5.42 million in the same period of 2019.

Arab Engineering Industries is an Egypt-based company engaged in the manufacture of wired condensers for household refrigerators, as well as steel wires.