Cairo – Mubasher: Elsaeed Contracting and Real Estate Investment Company reported a 75.5% year-on-year (YoY) surge in its net profits, logging EGP 75.99 million in 2020, compared to EGP 43.3 million, including minority shareholders’ rights.

The company’s revenues retreated to EGP 830.35 million last year from EGP 837.74 million in 2019, according to a bourse disclosure on Monday.

Moreover, the company posted standalone net profits of EGP 76.75 million in 2020, up from EGP 44.2 million a year earlier.

During the first nine months of 2020, the company's net profits increased to EGP 78.73 million from EGP 46.38 million in the corresponding period a year earlier, including minority shareholders’ rights.