Tanmiya for Real Estate's standalone profit reaches EGP 1M in H1 2021

Updated 8/30/2021 10:06:00 AM

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.