El Saeed Contracting reports EGP 76M net profit
Updated 2/15/2021 11:51:00 AM
ArabFinance: El Saeed Contracting and Real Estate Investment Company’s (SCCD) (UEGC) consolidated net profit hiked 75.5% Year on Year in 2020, according to the company’s February 15th statement to the Egyptian Exchange.
Consolidated net profit stood at EGP 75.98 million in 2020, compared to EGP 43.29 million in 2019.
The company’s standalone net profit registered EGP 76.75 million in December 31st 2020, compared to EGP 44.2 million in the prior year.
The listed company a consolidated net profit of EGP 78.73 million during the first nine months of 2020, compared to EGP 46.38 million in the same period of 2019.
Elsaeed is an Egypt-based company engaged in the provision of general and specialized contracting and construction services. The company’s activities are structured into three divisions: contracting, gravel quarries, and real estate.
