Cairo – Mubasher: Integrated Engineering Group’s profits for the first quarter of 2016 plummeted 60% year-over-year to EGP 72,800 ($8,200) from EGP 182,000 ($20,500), according to a bourse filing.
During 2015, the company earned EGP 220,000, up 61% from EGP 563,000 in 2014.
Earlier, the company was awarded a contract worth EGP 7 million from Misr Sons Development – Hassan Allam Sons to install the metal structures related to Beni Suef power plant.
