Cairo - Mubasher: Development & Engineering Consultants Co. (Tameer) reported a decline of 33% in net profits for the first nine months of 2015.

The company saw net profits of EGP 18.98 million in the nine-month period, compared with EGP 28.26 million a year earlier.

Meanwhile, the company's unconsolidated financial statements for –the same period reflected net profits of EGP 18.96 million, down 31.6% year-on-year from EGP 27.73 million.

Earlier, the company's financial indicators for the first half of 2015 showed net earnings of EGP 17.2 million compared with EGP 18.5 million for the similar period of the previous year, down 7%.