Al Fanar Contracting Co. net profit declined by 40% in 2014, the company said in its consolidated financial indicators for the fiscal year ended in December 31, 2014.  

The company achieved EGP 78.3 thousands ($10.2 thousands) net profit for 2014, compared with EGP 130.2 thousands for the previous year.

Meanwhile, the company has reported total revenues of EGP5.7 million for 2014, compared with EGP 6.2 million for 2013.

Al Fanar posted EGP 24.1 thousands net profit in the first nine - months of 2014, with growth of 90% from the corresponding period of previous year.