ArabFinance: Nasr Company for Civil Works’ (NCCW) turns to profitability in the full year ended December 31st 2021, according to financial indicators filed to the Egyptian Exchange (EGX) on Wednesday.
The company reported a net profit after taxes of EGP 958,000 in 2021, versus a net loss of EGP 27.018 million in 2020.
In 2021, Nasr for Civil Works’ revenue went down 24.52% to EGP 135.824 million, from EGP 179.943 million the year before.
Nasr for Civil Works is an Egypt-based public shareholding company engaged in the construction sector. The company provides construction and development contracting services for infrastructural projects related to energy, utilities, housing, roads, and ports.