ArabFinance: Industrial and Engineering Projects Co (IEEC) reported a net profit after tax of EGP 149.73 million for the year ended December 31st, 2020, according to the company’s financial statement filed to the Egyptian Exchange (EGX).
It is worth noting that the company incurred a net loss of EGP 65.53 million in 2019.
Moreover, the company has recorded an operating revenue of EGP 102.695 million in 2020, up from EGP 93.61 million in 2019.
In the first half (H1) of 2021, the company’s net profit after tax amounted to EGP 1.23 million, compared to a profit of EGP 149.73 million in H1 2020.