Cairo – Mubasher: Giza General Contracting and Real Estate Investment Company achieved a net profit worth EGP 22.29 million during the first quarter (Q1) of 2021, higher by 127% than EGP 9.86 million in the same period last year.
Earnings per share stood at EGP 0.01 in Q1-21, unchanged when compared to Q1-20, according to the consolidated income statements to the Egyptian Exchange (EGX) on Sunday.
Revenues totalled EGP 288.26 million during the first three months of 2021, rising by 15.5% from EGP 249.39 million in the corresponding quarter in 2020.
As for the standalone financials, the net profits after tax amounted to EGP 22.34 million in Q1-21, up from EGP 9.81 million in Q1-20.
During 2020, Giza General Contracting posted a net profit of EGP 47.9 million, including minority interest, compared to EGP 53.46 million in 2019.
