Egypt’s Industrial Engineering Company for Construction and Development (ICON) reported a 12.91pct YoY decline in consolidated net profit attributable to the parent company in the first half of 2026, despite higher revenues. Net profit fell to EGP 309.35 mln (USD 6.09 mln) in H1 2026, compared with EGP 355.19 mln in the corresponding period last year.
Revenue from contracts with customers increased 17.5pct YoY to EGP 3.97 bln (USD 78.15 mln) during the six-month period, compared with EGP 3.39 bln in H1 2025. ICON specializes in the manufacture of sandwich steel panels, caravans, guardrails, purlins, prefabricated units, corrugated steel sheets, galvanized tubes and pipes, as well as aluminum windows and doors.