Arab Engineering Industries sees 0.03% YoY profit downtick in 9 months

Updated 11/5/2024 2:15:00 PM
Arab Engineering Industries sees 0.03% YoY profit downtick in 9 months

Arab Finance: Arab Engineering Industries (EEII) reported a 0.03% year-on-year (YoY) slip in net profit after tax for the first nine months of 2024, according to the company’s financial statement.

The company recorded net profits of EGP 39.367 million in the January-September period, compared to EGP 39.38 million in the same period a year ago,

Meanwhile, net sales grew to EGP 195.072 million from EGP 153.86 million.

Arab Engineering Industries is an Egypt-based company engaged in the manufacture of wired condensers for household refrigerators, as well as steel wires.

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