Arab Finance: Nasr Company for Civil Works (NCCW) has turned to losses in the first quarter (Q1) of 2023, according to the company’s unaudited financial statement filed to the Egyptian Exchange (EGX) on May 17^th.

The company incurred net losses after tax of EGP 204,000 in Q1 2023, versus net profits after tax of EGP 147,770 in Q1 2022.

Revenues rose 45.79% year on year (YoY) to EGP 33.923 million in the January-March period of 2023 from EGP 23.269 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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