Industrial and Engineering Enterprises’ profits sink 66.1% YoY in H1
Updated 8/14/2022 10:28:00 AM
Arab Finance: Industrial and Engineering Enterprises Co (IEEC) recorded a 66.1% year-on-year (YoY) drop in net profit after tax during the first half (H1) of 2022, registering EGP 417,897, according to financial statements filed to the Egyptian Exchange (EGX) on August 14th.
The company’s sales amounted to EGP 85.518 million in H1 2022, up from EGP 50.769 million in the same period a year earlier.
Industrial and Engineering Enterprises undertakes public contracting activities and specifically civil constructions as well as supplying and assembling mechanical and electrical equipment for water draining, drinking water stations, irrigation, and subterranean drainage.
