Arab Finance: Tanmiya for Real Estate Investment (TANM) has achieved a consolidated net profit attributable to the parent company of EGP 2.28 million in the first quarter (Q1) of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on May 31^st.

It is worth mentioning that the company has incurred a consolidated net loss excluding minority interest of EGP 198,750 since its incorporation on January 26^th 2021 until March 31^st 2021.

Meanwhile, the company’s standalone net profit after tax amounted to EGP 1.86 million in Q1 2022, according to the standalone financial statement.

Established in 2021, Tanmiya is a Cairo-based EGX-listed company that operates within the construction and engineering field.