ArabFinance: M.B Engineering incurred a net loss of 5.144 million in 2020, compared to a net profit of  EGP 3.288 million a year earlier, according to the company’s financial statement filed to the Egyptian Exchange.

Standalone net profit reached EGP 50,549 in 2020, versus a net loss of EGP 46,727 in 2019.

Earlier, the company announced that it would acquire a company with a 12% market share of M.B’s field.

Established in 1990 and listed in 2014, M.B Engineering is a public company, which operates within the capital goods sector and focuses on construction and engineering.