Cairo – Mubasher: MB for Engineering and Contracting swung from profits into losses during the third quarter of 2016, according to the unaudited consolidated profits.
The company registered EGP 347 losses in Q3 against EGP 1.03 billion profits for Q3-15, a bourse filing revealed on Tuesday.
Over the first nine months, the company earned EGP 4.67 million, with a 7.4% slide compared with the year-ago period.
Its nine-month unconsolidated profits declined 11% year-on-year to EGP 4.1 million from EGP 4.63 million.
Meanwhile, its consolidated sales during the same period increased 25.8% year-on-year to EGP 85.35 million from EGP 67.8 million
During the same period, the company registered EGP 85.35 million consolidated sales, higher 25.8% year-on-year fro, EGP 67.8 million.
