ArabFinance: Arab Engineering Industries (EEII) registered a 27.35% year-on-year (YoY) decline in net profit after tax during the first nine months of 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on November 8th.
The company’s net profit declined to EGP 10.018 million in January-September from EGP 13.79 million in the same period of 2021.
Net sales grew to EGP 96.476 million in the nine months ended September 30th from EGP 82.448 million in the same period last year.
Arab Engineering Industries is an Egypt-based company engaged in the manufacture of wired condensers for household refrigerators, as well as steel wires.