Integrated Engineering Group signs EGP 4.5M contract with HA Constrcution
Updated 10/12/2020 5:31:00 PM
ArabFinance: Integrated Engineering Group (INEG) (IEG) has signed an EGP 4,597,000 agreement with Hassan Allam construction (HA Constrcution), according to the IEG's October 11th statement filed to the Egyptian Exchange.
Under the agreement, IEG will install metal works in the Black Sand project which expected the construction to begin early November and end in May 2021.
IEG posted a net loss stood at EGP 2,960,816 in the first half (H1) of 2020, a 97% increase from EGP 1,502,102 incurred in H1 2019.
The company suffered a net loss of EGP 2,504,431 in 2019, against a net profit of EGP 721,355 in 2018.
Integrated Engineering Group is an Egypt-based public company listed on the EGX in 2014. The company operates within the capital goods sector focusing on construction and engineering.
