M.B Engineering turns to profitability in 9 months
Updated 11/28/2021 12:21:50 PM
ArabFinance: M.B Engineering (MBEN) reported a consolidated net profit attributable to the parent company of EGP 2.99 million for the nine-month period ended September 30th, 2021, according to the consolidated financial statement filed to the Egyptian Exchange (EGX).
It is worth noting that the company incurred a net loss after tax attributable to the parent of EGP 4.32 million in the January-September period of 2020.
Moreover, the company generated consolidated sales of EGP 149.53 million in the first nine months of 2021, up from EGP 118.28 million in the prior-year period.
Established in 1990 and listed in 2014, M.B Engineering is a public company, which operates within the capital goods sector and focuses on construction and engineering.
