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Integrated Engineering Q1 profits surge 49%

Integrated Engineering Q1 profits surge 49%
Photo Credit: Arabianeye-Reuters

Integrated Engineering Group saw a 49% leap in its net profits for the first quarter of 2015, reaching EGP 180,000 from EGP 120,900 for the same period of the previous year.

The company is targeting net profits of EGP 1.1 million for 2015, as well as revenues of EGP 19.9 million.

Integrated Engineering net profits jumped 424% to EGP 562,900 in 2014.

The firm is capitalised at EGP 3 million, distributed across 15 million shares at EGP 0.20 par value each.