Nasr for Civil Works turns to profitability in Q1
Updated 5/31/2022 3:28:00 PM
Arab Finance: Nasr Company for Civil Works (NCCW) has turned to profitability in the first quarter (Q1) of 2021, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on May 31st.
The company recorded profits of EGP 147,770 in Q1 2022, versus losses of EGP 2.54 million in Q1 2021.
Operating revenues fell to EGP 23.26 million in the January-March period of 2022 from EGP 46.65 million in the year-ago period.
Nasr for Civil Works is an Egypt-based public shareholding company engaged in the construction sector. The company provides construction and development contracting services for infrastructural projects related to energy, utilities, housing, roads, and ports.
