TAMEER switches to profitability in Q1

Updated 6/2/2022 9:16:00 AM

Arab FinanceDevelopment and Engineering Consultants (TAMEER) (DAPH) has turned to profitability during the first quarter (Q1) of 2022, according to the standalone financial statement filed to the Egyptian Exchange (EGX) on June 2nd.

The company registered a standalone net profit after tax of EGP 5.053 million in Q1 2022, compared to a net loss of EGP 1.708 million in Q1 2021.

Operating revenue jumped to EGP 12.597 million in the three-month period ended March 31st from EGP 5.75 million in the same quarter of 2021.

Established in 1954 and listed on the EGX in 1996, TAMEER operates within the capital goods sector focusing on construction and engineering.