M.B Engineering’s consolidated profit inches up 15.2% YoY in Q1
Updated 6/1/2022 10:34:00 AM
Arab Finance: M.B Engineering (MBEN) posted a 15.2% year-on-year (YoY) increase in the consolidated net profit attributable to the parent company for the first quarter (Q1) of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on June 1st.
The company recorded a consolidated net profit excluding minority interest of EGP 533,870 in Q1 2022, compared to a profit of EGP 463,343 in Q1 2021.
As per the standalone financial statement, the company has achieved a net profit of EGP 89,338 in Q1 2022, up from EGP 15,010 in the same quarter a year earlier.
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.
