ArabFinance: Tanmiya for Real Estate Investment (TANM) posted a standalone net profit of EGP 1.123 million in half one (H1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.
This marked a Year on Year (YoY) rise of 20% when compared to EGP 1.408 million in H1 2020.
In the period starting January 26th and ending March 31st, the company posted a consolidated net profit of EGP 198,750 in H1 2021.
Tanmiya is a demerged company from Industrial Engineering Company for Construction and Development (ICON), with issued and paid-in capital of EGP 121.250 million.