Arab Finance: Al Fanar for Contracting, Construction, Trade, Import, and Export Company (FNAR) logged a 546% year-on-year (YoY) profit hike during the first nine months of 2022, according to the financial indicators filed to the Egyptian Exchange (EGX) on November 8th.

The company’s net stood at EGP 13.011 million in January-September, compared to EGP 2.013 million in the same period a year earlier.

Revenue soared to EGP 65.57 million in the nine months ended September 30th from EGP 27.304 million in the year-ago period. 

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