ArabFinance: Integrated Engineering Group (INEG) announced the financial results for the financial year 2019, which revealed tax-deducted losses of EGP 2,504,431, compared to posting net profits of EGP 721,355 for the same period last year representing 447% decline.
The Board of Directors approved financial results for the year 2019 on Feb. 20, 2020. The company attributed the losses in 2019 to costs increase and the notable decrease in revenues, the company said the statement sent to EGX.