ArabFinance: Giza General Company For Contracting and Real Estate (GGCC) posted a 49% Year on Year decline in its net consolidated profit in Quarter one (Q1) of 2020, according to a June 10th financial statements filed to the Egyptian Exchange.

Consolidated net profit reached EGP 9,863,123 in Q1 2020, compared to EGP 19,302,090 achieved in the corresponding period.

Standalone net profit stood at EGP 9,812,140 in Q1, a 49% decline from EGP 19,396,480 posted in Q1 2019.

In March, the Egyptian Exchange announced the execution of block trading deal on 12,000,000 shares of GGCC share capital worth EGP 10,200,000.

Giza General Contracting is an Egypt-based public shareholding company that operates in the construction and engineering industries sector. The company is primarily involved in general contracting activities; operation, manufacture, and trade in all requirements of the contracting industry.

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