Arab Finance: Integrated Engineering Group (IEG) reported a 756.4% year-on-year increase in its standalone net losses after tax in the first nine months of 2023, incurring EGP 2.554 million, compared to EGP 298,255, as per the company’s financial statement filed to the Egyptian Exchange (EGX) on August 15th.
On the other hand, standalone revenues reached EGP 5.637 million in the nine months ended in September 30th, up 125.5% from EGP 2.5 million in the same period last year.
Established in 2008, Integrated Engineering Group is a steel construction company that offers comprehensive engineering solutions for industrial projects.