Cairo - Mubasher: Arab Engineering Industries reported a decline of 48% to EGP 2.37 million in net profits for the first nine months of 2015, compared with EGP 4.57 million for the similar period of the previous year.

The company recorded revenues of EGP 20.3 million for this period of 2015, down 25% from EGP 27.6 million a year earlier.

The firm's half-year profits reached EGP 1.75 million for the first half of 2015.