Cairo – Mubasher: Giza General Contracting and Real Estate Investment Co posted a net profit of EGP 47.999 million during the first nine months 2019, slightly up from EGP 47.792 million in the year-ago period, the company’s consolidated financial results showed.

Meanwhile, the company’s operating revenues increased to EGP 805.051 million in the nine-month period ended 30 September, compared to EGP 651.197 million in the corresponding period a year earlier, according to a statement to the Egyptian Exchange (EGX) on Monday.

As for standalone financials, the EGX-listed firm reported a net profit of EGP 48.107 million in the January-September period of 2019, up from EGP 47.569 million a year earlier.

It is worth mentioning that during the first half of 2019, the company’s net profits grew to EGP 40.06 million, compared to EGP 39.47 million in H1-18.