Cairo – Mubasher: Elsaeed Contracting and Real Estate Investment Company reported a decrease in the second quarter’s net consolidated profits, a bourse filing indicated.
Q2 net profit fell 79.09% year-on-year to EGP 13.02 million ($1.46 million) from EGP 62.26 million ($6.99 million).
Over the first six months, the company earned EGP 48.57 million, lower 32.09% from EGP 71.51 million recorded in the year-ago period.
In the first quarter, the company registered EGP 36.5 million net profits, compared with EGP 9.25 million for the prior-year quarter.
