Egypt: Industrial and Engineering Enterprises’ profits fall 54% YoY in 2022

Revenues soared 128% year on year

Staff Writer, Arab Finance

March 20, 2023

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Egypt - Industrial and Engineering Enterprises Company posted a 54.3% annual drop in net profits after tax in 2022 to EGP 1.37 million, versus EGP 3 million, according to a financial statement filed to the EGX on March 19th.

Revenues soared 128% year on year (YoY) last year to EGP 313.3 million from EGP 137.5 million.

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