ElSaeed Contracting witnesses higher consolidated profits at EGP 104m in 2022

Cairo – Mubasher: The consolidated net profits after tax of ElSaeed Contracting and Real Estate Investment Company hit EGP 104.01 million in 2022, higher than EGP 80.98 million in 2021, including minority interest.

The firm generated revenues worth EGP 2.64 billion last year, compared to EGP 1.54 billion during the January-December 2021 period, according to the financial results.

Total assets hit EGP 2.96 billion as of 31 December 2022, an annual growth from EGP 2.01 billion.

Standalone Income Statements 

The EGX-listed company logged standalone net profits after tax worth EGP 100.74 million in 2022, versus EGP 81.06 million in 2021.

Non-consolidated earnings per share (EPS) rose to EGP 0.11 last year from EGP 0.09 as of 31 December 2021, while the revenues increased to EGP 2.60 billion from EGP 1.54 billion.

In the first nine months (9M) of 2022, ElSaeed Contracting recorded an annual leap in consolidated net profit to EGP 97.27 million from EGP 67.03 million.

Mubasher Contribution Time: 05-Mar-2023 12:55 (GMT)
Mubasher Last Update Time: 05-Mar-2023 14:18 (GMT)