Cairo – Mubasher: Elsaeed Contracting and Real Estate Investment Company reported a surge in profits during the first quarter (Q1) of the year by 69.3%.
The company’s profits registered EGP 34.17 million in the three-month period, compared with EGP 20.18 million in Q1-20, according to a bourse disclosure.
Revenues also rose to EGP 317.84 million during Q1-21, up from EGP 204.28 million in the same period last year.
Standalone profits reached EGP 34.19 million, compared with EGP 20.43 million in Q1-20.
Elsaeed Contracting achieved a net profit of EGP 75.99 million in 2020, compared with EGP 43.3 million in 2019.
