Arab Finance: Giza General Contracting and Real Estate Investment Company (GGCC) registered a 19.37% year-on-year (YoY) increase in consolidated profit excluding minority interest during the first half (H1) of 2022, recording EGP 38.67 million from EGP 32.39 million in H1 2021, according to financial statements filed to the Egyptian Exchange (EGX) on August 14th.

Consolidated operating revenue grew to EGP 711.173 million in the period from January until the end of June from EGP 630.404 million in the same period a year earlier.

As for standalone financials, the company recorded a net profit after tax of EGP 38.68 million in the January-June period, up from EGP 32.439 million in the same period the year before.

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.