Giza General Contracting’s consolidated profit rises 17.2% YoY in 9 months
Updated 11/14/2022 12:08:00 PM
Arab Finance: Giza General Contracting and Real Estate Investment Company (GGCC) registered a 17.16% year-on-year (YoY) increase in consolidated profit excluding minority interest during the first nine months of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on November 14th.
The company recorded a consolidated net profit attributable to the parent company of EGP 41.99 million in the nine-month period ended September 30th, compared to EGP 35.84 million in the same period of 2021.
Consolidated operating revenues grew to EGP 1.05 billion in the period from January 1st to September 30th from EGP 900.02 million in the same period a year earlier.
As per the standalone financial statement, the company recorded a net profit after tax of EGP 42.11 million in the January-September period, up from EGP 35.88 million in the same period last year.
Giza General Contracting is an Egypt-based public shareholding company that operates in the construction and engineering industries sector.
The company is primarily involved in general contracting activities, such as operations, manufacturing, and trade in industry-related activities.
