Arab Finance: M.B Engineering (MBEN) registered a 122.11% year-on-year (YoY) growth in standalone profits during the first nine months of 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on November 15th.
The company’s standalone net profit after taxes grew to EGP 160,855 in January-September from EGP 72,421 in the same nine-month period a year earlier.
Established in 1990 and listed in 2014, M.B Engineering is a public company, which operates within the capital goods sector and focuses on construction and engineering.