23 Hrs
Source:
الموجز
Qira Energy Reports Strong H1 Growth
Qara Energy achieved strong growth in the first half of 2026, successfully increasing the value of its new contracts to 5 billion Egyptian pounds—a rise of more than 4.6 times compared to the same period last year—with the contract portfolio reaching approximately 15.7 billion Egyptian pounds. As a result, the company's revenues rose to 3.2 billion pounds, while gross profit reached 665 million pounds, an increase of 8.5% compared to 2025, with the gross profit margin improving to 20.5%. The sector's profits also increased to 601 million pounds, with the profit margin rising to 22.5%. In a testament to resilient performance, the company recorded a net profit of 146 million pounds, up 12.2%, despite economic and geopolitical challenges. The company plans to expand regionally by opening a branch in Saudi Arabia, strengthening diversification of its projects, and adopting risk management strategies to consolidate its position as a provider of integrated energy solutions in Egypt and the region.
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