Cairo – Mubasher: ElSaeed Contracting and Real Estate Investment Company generated EGP 35.87 million in the consolidated net profits during the first quarter (Q1) of 2022, compared to EGP 34.17 million in Q1-21, including minority shareholders’ rights.
During the January-March period of 2022, the revenues soared to EGP 487.64 million from EGP 317.84 million in Q1-21, according to the financial results on Tuesday.
Meanwhile, the standalone net profits amounted to EGP 35.91 million in Q1-22, higher than EGP 34.19 million in Q1-21.
The earnings per share (EPS) stood at EGP 0.044 in the first three months (3M) of 2022, versus EGP 0.043 during the same period a year earlier.
It is worth noting that last April, ElSaeed Contracting’s shareholders granted their green light to reduce its capital to EGP 754.78 million from EGP 761.91 million through treasury shares cancellation.
