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Tameer achieves 64% growth in sales, profits in 2018

Tameer Engineering Consultants has achieved a growth rate of 64% in its sales and profits for 2018, totalling EGP 742m, compared to EGP 453m in 2017, according to its Chairperson, Saad Al Wazzan. The company said in press statement on Thursday that it has achieved a consolidated profit of EGP 331m before cutting a minority …

Shaimaa Al-Aees

Africa Finance Corporation achieves $100.3m net profit in 2017

The Africa Finance Corporation (AFC), one of Africa’s leading infrastructure multilateral development finance institutions, announced it achieved $100.3m net profits in 2017, according to the financial year results published on Sunday.  The results indicate that the AFC’s total comprehensive income registered at $109.2m in 2017, while their total assets registered at $4.2bn, achieving a 21% …

Daily News Egypt

Recently opened factory will increase Q4 profits: managing director of MBEN

Ahmed Bahaa, managing director of MB for Engineering and Contracting (MBEN), and member of the Egyptian Exchange’s board, revealed that setting up the company’s recently opened factory in Sixth of October city is expected to lead to a hike in profits throughout the fourth quarter (Q4) of 2017. “The company’s financials in terms of revenues …

Noha Abd ElRahman