Cairo - Mubasher: MM Group For Industry and International Trade posted EGP 205.2 million profits in the nine months ended in last September.
MM Group's net standout profits reached EGP 196.33 million in the aforementioned period, compared to a total of EGP 126.56 million in the same period of the previous year.
In February, the Listing Committee approved the firm's capital decrease from EGP 396 million to EGP 245.5 million, according to a bourse filing.
The capital reduction will be through decreasing the par value of each share to be EGP 0.62 instead of EGP 1 per share.
The number of issued shares that amount to 396 million shares will remain as it is, pursuant to the restructuring by demerger, without listing the second demerged company on EGX boards, the statement said.
