Cairo – Mubasher: The net profits of the Egyptian Company for Construction Development (Lift Slab Misr) surged by 1,558% year-on-year (YoY) to EGP 3.79 million during the first half (H1) of 2020 from EGP 228,668.

The company’s operating income increased to EGP 15.8 million in H1-20 from EGP 3.57 million in H1-19, according to a bourse disclosure on Wednesday.

During the first three months of 2020, Lift Slab Misr achieved net profits of EGP 1.34 million, up from around EGP 245,600 in the year-ago period.