Arab Engineering Industries records EGP 13.79M profit in 9 months
Updated 11/2/2021 10:13:34 AM
ArabFinance: Arab Engineering Industries (EEII) achieved a net profit after tax of EGP 13.79 million in the January-September period of 2021, compared to EGP 6.38 million in the same period of 2020, according to the company’s financial statement filed to the Egyptian Exchange (EGX).
Earning per share (EPS) stood at EGP 0.070 in the nine-month period ended September 30th, 2021, compared to EPS of EGP 0.033 in the year-ago period.
Net sales amounted to EGP 82.44 million in the first nine months of 2021, up from EGP 53.64 million in the prior-year period.
In the third quarter (Q3) of 2021, the company recorded a net profit after tax of EGP 4.85 million, versus a net profit of EGP 3.50 million in Q3 2020.
Arab Engineering Industries is an Egypt-based company engaged in the manufacture of wired condensers for household refrigerators, as well as steel wires.
