Nasr for Civil Works’ losses hike 43.5% YoY in 9 months
Updated 11/1/2022 10:43:00 AMArab Finance: Nasr Company for Civil Works (NCCW) registers 43.5% YoY higher losses during the first nine months of 2022, according to the unaudited financial statement filed to the Egyptian Exchange (EGX) on Tuesday.
The company’s net loss after tax jumped to EGP 21.26 million in the nine months that ended on September 30th from EGP 14.815 million the year before.
Revenues fell to EGP 79.771 million in the January-September period of 2022 from EGP 76.103 million in the same period last year.
Nasr for Civil Works is an Egypt-based public shareholding company engaged in the construction sector. The company provides construction and development contracting services for infrastructural projects related to energy, utilities, housing, roads, and ports.
