Industrial Engineering Company for Construction and Development reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EGP 659.89 million compared to EGP 468.47 million a year ago. Net income was EGP 75.72 million compared to EGP 35.11 million a year ago. Basic earnings per share from continuing operations was EGP 0.52 compared to EGP 0.24 a year ago.
For the six months, sales was EGP 1,371.4 million compared to EGP 1,061.38 million a year ago. Net income was EGP 216.32 million compared to EGP 59.25 million a year ago. Basic earnings per share from continuing operations was EGP 1.48 compared to EGP 0.41 a year ago.