Arab Engineering Industries logs EGP 12.7M profit for 2021

Updated 2/6/2022 10:16:50 AM

ArabFinanceArab Engineering Industries (EEII) posted a net profit after tax of EGP 12.74 million for the full-year of 2021, according to the company’s financial statement filed to the Egyptian Exchange (EGX).

It is worth noting that the company’s net profit after tax in 2020 amounted to EGP 7.29 million.

The company generated a net sale of EGP 103.37 million in 2021, up from EGP 69.28 million in 2020.

Arab Engineering Industries is an Egypt-based company engaged in the manufacture of wired condensers for household refrigerators, as well as steel wires.