ArabFinance: Giza General Contracting and Real Estate Investment Company (GGCC) posted a consolidated net profit before minority interest of EGP 22.293 million in quarter one (Q1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.
This marked a Year on Year (YoY) rise of 126% when compared to EGP 9.863 million in Q1 2020.
In 2020, Giza General Contracting’s net profit after tax leveled down to EGP 47.9 million, from EGP 53.46 million in 2019, including minority shareholders’ rights.
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; operation, manufacture, and trade in all requirements of the contracting industry.