Integrated Engineering Group cuts loss in 9 months

Updated 10/25/2022 10:18:00 AM

Arab Finance: Integrated Engineering Group (INEG) posted an 8.86% year-on-year (YoY) decline in net loss after tax during the first nine months of 2022, according to financial statements filed to the Egyptian Exchange (EGX) on Tuesday.

The company’s net loss declined to EGP 298,225 in the nine months that ended September 30th from EGP 327,213 in the same period a year earlier.

Operating revenue dropped to EGP 2.5 million in the January-September period from EGP 14.778 million the 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.