Cairo – Mubasher: El Nasr Transformers and Electrical Products (ELMACO) said it signed a contract worth EGP 185 million with the ministry of electricity and renewable energy.
Through the agreement, ELMACO will carry out the supply, installation and testing of 50 transformers.
The company reported earlier, a decline of 46.5% to EGP 6.4 million in net profits for the first-nine months of 2015.
