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Development and Engineering Consultants’ unconsolidated profit soars in 9M/19

Development and Engineering Consultants’ unconsolidated profit soars in 9M/19
Sales soared to EGP 115.1m in 9M/19

Cairo – MubasherDevelopment and Engineering Consultants Co (DAPH) has reported a 281% year-on-year net profit during the first nine months of 2019, the company’s unconsolidated financial statement showed.

Net profit surged to EGP 21.7 million from January to September 2019, compared to EGP 5.69 million in the year-ago period, according to a bourse statement.

Sales soared to EGP 115.1 million in the January-September period, against 53.58 million a year earlier.

It is worth noting that the company suffered losses of EGP 3.09 million during the six-month period ended 30 June, versus profits of around EGP 416,000 in the year-ago period.