MB Engineering reports 196% YoY consolidated profit Jump in H1 2024

Updated 9/1/2024 12:28:00 PM
MB Engineering reports 196% YoY consolidated profit Jump in H1 2024

Arab Finance: MB Engineering (MBEN) reported a 196.2% year-on-year surge in consolidated net profits attributable to the parent company in the first half (H1) of 2024, as per a filing.

The company garnered net profits of EGP 24.801 million in H1 2024, rising from EGP 8.372 million in H1 2023.

Meanwhile, operating revenues dropped to EGP 200.08 million from EGP 148.126 million.

Established in 1990, MB Engineering is a public company that operates within the capital goods sector focusing on Construction and Engineering.

Related News