Cairo- Live: Al-Fanar's adjusted public contracting, construction, trade and import financial statements in 2021 showed that the company's net profit increased by 1,341 percent, year-on-year.

The company said in a statement to the Egyptian Stock Exchange, on Sunday, that it recorded a net profit of EGP 5.8 million during 2021, compared to EGP 402.34 thousand profit during 2020.

The company's revenue swelled to EGP 57.71 million last year, compared to EGP 16.23 million in 2020.

Al Fanar general contracting, construction, trade and import recorded a net profit of EGP 2.01 million from January to the end of September, compared to a net profit of EGP 63.85 thousand during the same period last year.

The company's revenues increased during the first nine months of this year, registering EGP 27.3 million at the end of September, compared to EGP 7.88 million during the same period in 2020.