Cairo – Mubasher: The consolidated financial statements of MM Group for Industry and International Trade achieved net profits of EGP 106.64 million, down by 25.4% year-on-year (YoY) from EGP 142.97 million, including minority shareholders’ rights.
Sales slid to EGP 2.23 billion in the January-March period from EGP 2.896 billion in the year-ago period, the company said in a statement to the Egyptian Exchange (EGX) on Wednesday.
As for standalone business, MM Group logged net profits of EGP 106.21 million in Q1-20, down from EGP 109.62 million in Q1-19.
It is worth mentioning that in 2019, the EGX-listed firm reported net profits of EGP 475.59 million, up from EGP 275.52 million in 2018, including minority shareholders’ rights.
