Nasr for Civil Works swings to profitability in Q1 2024

Updated 5/21/2024 12:46:00 PM
Nasr for Civil Works swings to profitability in Q1 2024

Arab Finance: Nasr Company for Civil Works (NCCW) registered net profits after tax of EGP 910,000 in the first quarter (Q1) of 2024, versus net losses of EGP 204,000 in Q1 2023, as per the company’s financial indicators.

Meanwhile, revenues climbed 158.44% year on year (YoY) to EGP 87.671 million in the January-March period this year from EGP 33.923 million in the year-ago period.

Nasr for Civil Works 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.

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