Cairo – Mubasher: MM Group for Industry and International Trade on Thursday reported an 18.8% year-on-year drop in its consolidated profits during the full-year 2018.
The company’s profits totalled EGP 275.52 million last year, against EGP 339.34 million in 2017, including minority shareholders’ rights, according to the company's statement to the Egyptian Exchange (EGX).
MM Group’s sales rose to EGP 7.6 billion in 2018, from EGP 6.12 billion a year earlier.
The company posted EGP 258.4 million in standalone profits last year, compared to EGP 271.7 million in 2017.
During the first nine months of 2018, MM Group’s profits registered EGP 233.66 million, versus EGP 292.5 million in the year-ago period.
By 12:44 pm Cairo time, MM Group’s stock dropped 0.45% to EGP 10.95.
