Integrated Engineering turns to profitability in 2021

Updated 2/13/2022 11:50:41 AM

ArabFinance: Integrated Engineering Group (INEG) has turned to profitability for the full-year ended December 31st 2021, according to the company’s unaudited financial statements filed to the Egyptian Exchange (EGX) on Sunday.

INEG recorded a net profit after tax of EGP 361,359 in 2021, versus a net loss of EGP 3.46 million in 2020.

Moreover, the company generated a total revenue of EGP 19.06 million last year, up by 355% from EGP 4.18 million a year earlier.

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.