Cairo - Mubasher: The New Urban Communities Authority awarded Giza General Contracting and Real Estate Investment Company a project contract valued at EGP 539.11 million.
The EGX-listed firm will handle the works in the social housing buildings area for all Egyptians in the Fourth District of New Aswan City, according to a bourse filing.
Under the deal, the company will implement medium and low-voltage electricity networks and street lighting.
In the first nine months (9M) of 2023, Giza Contracting generated EGP 44.28 million in consolidated net profit after tax, up year-on-year (YoY) from EGP 41.99 million, including minority interest.
Revenues plummeted to EGP 815.38 million in 9M-23 from EGP 1.05 billion in 9M-22, while the earnings per share (EPS) went up to EGP 0.03 from EGP 0.02.
