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Tameer profit declines to EGP 34.2m in 2014

Tameer profit declines to EGP 34.2m in 2014

Egypt-based Development and Engineering Consultants (Tameer) announced consolidated net earnings of EGP 34.2 million ($4.61 million) for the fiscal year ending on Dec. 31, 2014, declining 8.3% compared with EGP 37.3 million ($5.02 million) a year earlier.

Revenue also fell 22% y/y from EGP 90.4 million to EGP 70.5 million.

Meanwhile, standalone earnings reached EGP 33.7 million, with a decline of 0.53% over EGP 33.5 million in 2013.

Photo Credit: Arabianeye-Reuters