Al Fanar for Contracting’s H1 net profit surges 348.9% YoY

Updated 8/16/2022 3:11:29 PM

Arab FinanceAl Fanar for Contracting, Construction, Trade, Import, and Export Company (FNAR) reported a 348.9% year-on-year (YoY) growth in net profit after tax for the first half (H1) of 2022, according to the financial income statement filed to the Egyptian Exchange (EGX) on August 16th.

Net profit after tax amounted to EGP 7.17 million in H1 2022, compared to EGP 1.59 million in H1 2021.

Operating revenues rose to EGP 34.54 million in H1 2022 from EGP 19.53 million in H1 2021.

Al Fanar is an Egypt-based company, operating withing general contracting, construction, trade, import, and export, in addition to, land reclamation and land division.