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Tameer profits down 89% in H1

Tameer profits down 89% in H1
construction project

Cairo – Mubasher: Development and Engineering Consultants Company (Tameer) reported a decline of 89% in net profits for the first half of 2016.

The real estate developer saw net profits of EGP 1.88 million in H1-2016, down from EGP 17.2 million for the same period of the previous year.

Tameer saw net profits of EGP 2.69 million in the first quarter of 2016.