Al-Fanar contracts to carry out work on Toshka project worth EGP 16.2 million

Cairo - Live: Al-Fanar General Contracting, Construction, Trade and Import Company announced that it has contracted the settlements of the axial irrigation systems (drilling, bridging and settlement) of the Toshka project.

The company explained in a statement to the Egyptian Stock Exchange on Thursday, that the value of the contract reached 16.29 million pounds, referring to its Islam contract and documents and signing on Wednesday, October 27, 2021.

Al Fanar General Contracting, Construction, Trade and Import company reported a net profit of EGP 706.7 thousand from the beginning of January to the end of March, compared to a profit of EGP 39.2,000 in the same quarter last year.

The company's revenues increased during the first three months of this year to EGP 14.54 million, compared to EGP 1.15 million in the same quarter of 2020.