Arab Finance: Development and Engineering Consultants (TAMEER) (DAPH) recorded a 298.68% year-on-year surge in net standalone profit during the first nine months of 2022, according to the financial statements filed to the Egyptian Exchange (EGX) on November 16th.
The company’s standalone net profit after tax rose to EGP 3.825 million in January-September from EGP 959,522 in the same period a year earlier.
Operating revenue soared to EGP 46.827 million in the nine months to September 30th from EGP 15.038 million in the comparative period of 2021.
Established in 1954 and listed on the EGX in 1996, TAMEER operates within the capital goods sector focusing on construction and engineering.