Cairo - Mubasher: Development & Engineering Consultants Co. (Tameer) registered a decline of 56% in net profits for the fiscal year ended 31 December 2015.

Tameer reported net profits of EGP 13.9 million in 2015, down from EGP 31.5 million in the previous year.

The firm said earlier, its unconsolidated financial statements for the first nine months of 2015 have reflected a decline of 31.6% in its net earnings that reached EGP 18.96 million.