Cairo – Mubasher: Al Fanar Contracting, Construction, Trade, Import and Export Co. has been awarded a contract to implement earthworks at the El-Dabaa Axis development project. 

The value of the contract amounts to EGP 41.82 million, the company said in a bourse disclosure on Wednesday. 

During the first quarter (Q1) of 2021, the company reported net profits of about EGP 706,700, up from around EGP 39,200 in Q1-20. 

The revenues increased to EGP 14.54 million in the January-March period, compared to EGP 1.15 million in the prior-year period.