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Integrated Group profits fall 60% in Q1

Integrated Group profits fall 60% in Q1
Photo Credit: company's website

Cairo – Mubasher: Integrated Engineering Group’s profits for the first quarter of 2016 plummeted 60% year-over-year to EGP 72,800 ($8,200) from EGP 182,000 ($20,500), according to a bourse filing.

During 2015, the company earned EGP 220,000, up 61% from EGP 563,000 in 2014.

Earlier, the company was awarded a contract worth EGP 7 million from Misr Sons Development – Hassan Allam Sons to install the metal structures related to Beni Suef power plant.