Arab Finance: Middle East Glass Manufacturing Co (MEGM) logged a 32.92% year-on-year (YoY) in consolidated profit during the first nine months of 2022, according to financial statements filed to the Egyptian Exchange (EGX) on Wednesday.

The company’s consolidated profit after tax rose to EGP 218.273 million in nine months to September 30th from EGP 164.215 million a year earlier.

Contracting revenue grew to EGP 2.004 billion in January-September from EGP 1.373 billion the year before.

Furthermore, standalone net profit after tax increased to EGP 53.026 million from January to the end of September from EGP 50.899 million in the same period last year.

MEGM is an Egypt-based company primarily engaged in manufacturing, selling, and exporting glass containers in the Middle East and North Africa region.

The company’s product solutions include food jars, bottles, juice, carbonated bottles, and pharma, among others.