Cairo – Mubasher: The consolidated net profits of Industrial Engineering Company for Construction and Development (ICON) hiked by 127% year-on-year (YoY) to EGP 116.41 million in the first nine months (9M) of 2021, compared to EGP 51.23 million.

The company's revenues jumped by 55% to EGP 1.56 billion in the January-September period of 2021 from EGP 1.01 billion in the year-ago period, according to a bourse filing on Sunday.

As for the standalone businesses, the company's net profits reached EGP 12.58 million in 9M-21, up from EGP 1.91 million in the corresponding period of 2020.

It is noteworthy to mention that in the first half (H1) of 2021, ICON reported consolidated net profits of EGP 91.66 million, up by 153% YoY from EGP 36.2 million.