El Saeed Contracting’s consolidated profit rises 45.1% YoY in 9 months
Updated 11/13/2022 10:58:00 AM
Arab Finance: El Saeed Contracting and Real Estate Investment Company (SCCD) (UEGC) reported a 45.11% year-on-year (YoY) increase in consolidated profit attributable to the parent company during the first nine months of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on November 13th.
The company recorded a consolidated profit after minority interest of EGP 97.27 million in the January-September period of 2022, compared to EGP 67.03 million in the prior-year period.
Consolidated operating revenue grew to EGP 1.86 billion in the period from January 1st to September 30th from EGP 1.01 billion in the same period last year.
Meanwhile, the company’s standalone net profit after tax amounted to EGP 95.08 million in the January-September period, up from EGP 67.08 million in the same period a year earlier.
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.
