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Tameer profits down 61% in 9M

Tameer profits down 61% in 9M
Tameer profits down 61% in 9M

Cairo – Mubasher: Development and Engineering Consultants (Tameer) posted 61% decline in net profits for the nine – month period ended September 2016.

The company reported net profits of EGP 7.35 million for the first nine months of 2016, down from EGP 18.79 million a year earlier.

On other hand, the company’s standalone financial statements for the same period reflected net profits of EGP 6.96 million down from EGP 18.95 million a year earlier.