Cairo – Mubasher: The consolidated net profits of MM Group for Industry and International Trade surged by 69.4% year-on-year (YoY) to EGP 459 million in 2019 from EGP 271 million in 2018.
The company reported a 28.9% hike in consolidated revenues to EGP 9.83 billion last year, up from EGP 7.63 million in 2018, according to the company’s consolidated financial results for 2019 disclosed to the Egyptian Exchange (EGX) on Thursday.
Meanwhile, the company’s standalone net profits jumped by 51.1% to EGP 390 million in 2019, compared to EGP 258 million in 2018.
It is noteworthy to mention that during the first nine months of 2019, the company’s consolidated financial statements showed a 58% YoY increase in net profits to EGP 370.07 million from EGP 233.6 million during the same period of 2018.
