Cairo - Live: Al-Fanar Company for Public Contracting, Construction, Trade and Import has announced its contract to carry out road works and settlements for the Dabaa Axis Development Project.

The company explained in a statement to the Egyptian Stock Exchange on Sunday, that the value of the contract reached 17.12 million pounds, indicating the receipt of the contract on January 20.

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.