Arab Finance: Integrated Engineering Group (INEG) has reported a 71.5% year-on-year (YoY) increase in net loss after tax during the first quarter (Q1) of 2022, according to a filing to the Egyptian Exchange (EGX) on May 29th.
The company has widened its net loss after tax to EGP 1.197 million in Q1 2022 from EGP 697,854 in Q1 2021.
The company did not record any revenue for the three-month period ended March 31st, compared to revenue of EGP 2.266 million in the same quarter a year before.
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.