ArabFinance: Nasr Company for Civil Works (NCCW) incurred a net loss of EGP 27.02 million in 2020, versus a net profit of EGP 42.37 million in 2019, according to the companys February 22ndstatement to the Egyptian Exchange.
The company attributed the move to loss to the drop in operating income.
During the first nine months of 2020, the company suffered a net loss after tax of EGP 3.569 million, against achieving a net profit of EGP 11.48 million in the same period of 2019.
NCCW is an Egypt-based public shareholding company engaged in the construction sector. The company provides construction and development contracting services for infrastructural projects related to energy, utilities, housing, roads, and ports.
Copyright 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).