Egyptian construction and development company Samcrete Egypt Engineers and Contractors posts a 2820% year-on-year rise in its standalone profits in the first quarter of 2017, Invest-Gate reports.

Standalone profits reached EGP 18.19 mn in the three-month period ending on March 31, compared to EGP 622,900 in the prior-year period.

The company’s activity revenues reached EGP 490.2 mn in Q1-17 compared to EGP 213 mn a year earlier.