Industrial Engineering Company for Construction and Development announced consolidated and standalone earning results for the First Quarter of 2020. For the quarter, on consolidated the company reported net profits of EGP 22.66 million, down by 56.8% as compared to EGP 52.571 million, as previous year. The company's revenues dwindled to EGP 345.25 million as compared to EGP 523.24 million in the corresponding period a year earlier. For the first quarter, on standalone basis the company reported net losses of EGP 3.85 million against net profits of EGP 6.84 million a year ago.