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Tameer posts 56% fall in annual profit

Tameer posts 56% fall in annual profit
Net profit decreased last year to EGP 14.08 million (Photo credit: Arabianeye - Reuters)

Cairo – Mubasher: Development and Engineering Consultants Company (Tameer) reported on Tuesday a decline of 56% in its profit in the fiscal year 2015.

Net profit decreased last year to EGP 14.08 million ($1.79 million) from EGP 32.3 million ($4.125 million) in 2014, according to a bourse filing.

The company’s standalone net profit came to EGP 13.9 million ($1.77 million) in 2015, versus EGP 31.5 million ($4.02 million) in 2014.