Giza General Contracting’s consolidated profit rises 3.6% YoY in Q1
Updated 6/1/2022 11:19:00 AM
Arab Finance: Giza General Contracting and Real Estate Investment Company (GGCC) maintains incremental year-on-year (YoY) increase in consolidated net profit excluding minority interest for the first quarter (Q1) of 2022, inching up by 3.6%, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on June 1st.
The company recorded a consolidated net profit attributable to the parent company of EGP 23.102 million in Q1 2022, compared to EGP 22.29 million in Q1 2021.
Operating revenues reached EGP 363.72 million in the three-month period ended March 31st, up from EGP 288.26 million in the year-ago period.
At the level of the standalone financial statement, the company registered a standalone net profit of EGP 23.102 million in Q1 2022, compared to a profit of EGP 22.34 million in the same quarter last year.
Giza General Contracting is an Egypt-based public shareholding company that operates in the construction and engineering industries sector.
The company is primarily involved in general contracting activities, such as operations, manufacturing, and trade in industry-related activities.
