M.B Engineering registers 3.1% YoY consolidated profit hike in 9 months
Updated 11/30/2022 2:13:00 PM
Arab Finance: M.B Engineering (MBEN) recorded a 3.1% year-on-year (YoY) increase in consolidated profit attributable to the parent company during the first nine months of 2022, according to financial statements filed to the Egyptian Exchange (EGX) on Wednesday.
The company’s consolidated profit excluding minority interest rose to EGP 3.087 million in the nine months to September 30th from EGP 2.994 million a year earlier.
Sales surged to EGP 164.584 million in the January-September period from EGP 149.534 million the year before.
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.
