ICEC

Nasr Co. for Civil Works says net profit slumped to $1.5mn in 2015

Egypt-based Nasr Company for Civil Works (NCCW)’s net profit fell to 12.5 million Egyptian pounds ($1.5 million) by the end of 2015 from 21.9 million pounds a year earlier, its chairman Elewa Shalaby said Sunday.

The company’s total value of contracts has reached 683.7 million Egyptian pounds in 2015 compared to 496.772 million Egyptian pounds during the previous year

Furthermore, it has posted revenues of 134.235 million Egyptian pounds from 210.56 million Egyptian pounds in 2014.

In addition, the company’s total amount of assets registered 393.3 million Egyptian pounds distributed between long term assets of 435.794 million Egyptian pounds and current assets of 349.7 million Egyptian pounds.

On the other hand, NCCW’s profits has declined by 44% during the first half of 2015 to record 6 million Egyptian pounds in comparison to 10.85 million Egyptian pounds during the same period the previous year.

Moreover, the company’s capital is estimated at 27.5 million Egyptian pounds distributed on 5.5 million shares.

Nasr Company for Civil Works is a public company, listed on Egyptian Exchange since December 1997. It operates within the capital goods sector focusing on industrials. In addition, It has three subsidiaries operating across Egypt, working on utilities, materials and industrials. Nasr Co for Civil Works is based in Cairo, Egypt and was established in March 1977.

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