El Saeed Contracting logs EGP 80.9M consolidated profits in 2021
Updated 3/1/2022 9:42:03 AM
ArabFinance: El Saeed Contracting and Real Estate Investment Company (SCCD) (UEGC) reported a consolidated net profit excluding minority interest of EGP 80.985 million in 2021, from EGP 75.987 million in 2020, according to financial statements filed to the Egyptian Exchange (EGX) on Tuesday.
Operating revenue surged to EGP 1.549 billion in the full year ended December 31st 2021, from EGP 830.355 million the year before.
Moreover, the company’s standalone net profits after tax rose to EGP 81.061 million in 2021, from EGP 76.753 million in 2020, financial statements showed.
El Saeed Contracting 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.
