Arab Finance: Tanmiya for Real Estate Investment (TANM) posted a consolidated profit excluding minority interest of EGP 8.354 million in the first nine months of 2022, according to the financial statements filed to the Egyptian Exchange (EGX) on November 16th.

This marks a 108.5% year-on-year (YoY) increase in consolidated profit attributable to the parent company as compared to the EGP 4.007 million reported for the period from January 26^th to September 30^th, 2021.

Revenue grew to EGP 13.155 million in the period from January 1^st to September 30th, 2022, from EGP 11.111 million in the period from January 26^th to September 30^th, 2021.

Furthermore, the standalone net profit after tax jumped to EGP 6.029 million in the first nine months of 2022 from EGP 2.468 million in January 26^th to September 30^th, 2021.

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