MM Group For Industry And International Trade (MTI) News - Mubasher Info
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MM Group For Industry And International Trade (MTIE)

Last update: 8 April 01:28 PM market time.
7.86
-0.09
-1.13%
Open 7.95
Previous Close 7.95
High 7.95
Low 7.77
Stock Statistics
Volume 547,545
Turnover 4,283,373.50
All data are 15 minutes late during market session

News

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28 March 12:42 PM MM Group posts EGP 700m consolidated profit in 2023; dividends ratified
Cairo – Mubasher: MM Group for Industry and International Trade logged a consolidated net profit of EGP 699.15 million in 2023, up from EGP 346.25 million a year earlier. The company’s net sales soared to EGP 10.35 billion last year from EGP 6.90 …
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19 November 2023 03:06 PM MM Group’s consolidated profits exceed EGP 482m in 9M-23
Cairo – Mubasher: MM Group for Industry and International Trade registered EGP 482.12 million in consolidated net profit after tax during the first nine months (9M) of 2023, The achieved net profits were higher year-on-year (YoY) than EGP 218.17 …
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26 September 2023 04:58 PM Egypt-based MM Group to launch business in Saudi Arabia
Cairo – Mubasher: The board of MM Group for Industry and International Trade, listed on the Egyptian Exchange (EGX), approved on 25 September to set up a company in Saudi Arabia. MM Group noted that establishing a firm in the Kingdom aims at …
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17 August 2023 02:30 PM MM Group’s consolidated profits near EGP 301m in H1-23
Cairo – Mubasher: The consolidated net profits after tax of MM Group for Industry and International Trade hit EGP 300.75 million in the first half (H1) of 2023, versus EGP 145.66 million in H1-22, including non-controlling equity. Net sales …
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1 June 2023 09:43 AM MM Group sees higher net profits in Q1-23; revenues surge 27.5%
Cairo – Mubasher: MM Group for Industry and International Trade achieved consolidated net profits after tax amounting to EGP 157.68 million in the first quarter (Q1) of 2023. The registered profits were higher than EGP 51.06 million in Q1-22, …
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3 April 2023 11:50 AM MM Group’s 2022 consolidated profits exceed EGP 346m
Cairo – Mubasher: The consolidated net profits after tax of MM Group for Industry and International Trade hit EGP 346.25 million in 2022, an annual drop from EGP 375.46 million, including non-controlling equity. Sales plummeted to EGP 6.90 billion …
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1 February 2023 01:02 PM Rolaco EGB Investment ups shareholding in MM Group to over 15%
Cairo – Mubasher: Rolaco EGB Investment raised its 14.87% stake in MM Group for Industry and International Trade to 15.02%, according to a bourse disclosure. The investment firm bought 1.46 million shares in MM Group for EGP 7.45 million, at an …
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14 November 2022 00:27 PM MM Group’s profits slide 35% in 9M-22
Cairo – Mubasher: MM Group for Industry and International Trade gained EGP 218.17 million in consolidated net profits during the first nine months (9M) of this year, a year-on-year (YoY) drop of 34.70% from EGP 334.56 million, including minority …
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21 August 2022 04:46 PM Elsewedy Cement raises stake in MM Group for EGP 11m
Cairo – Mubasher: Elsewedy Cement has increased its stake in MM Group for Industry and International Trade to 1.64% from 1.33%. Hence, Elsewedy Cement bought 3 million shares in MM Group at a total value of EGP 10.96 million or an average share …
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29 May 2022 04:14 PM MM Group’s profits shrink in Q1-22 initial financial results
Cairo – Mubasher: MM Group for Industry and International Trade has reported consolidated net profits worth EGP 51.06 million during the first quarter (Q1) of 2022, versus EGP 130.23 million in Q1-21. The company's sales reached EGP 1.94 billion …
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30 March 2022 11:12 AM MM Group sees rise in 2021 net profits
Cairo – Mubasher: The consolidated net profits of MM Group for Industry and International Trade increased to EGP 375.46 million in 2021, compared to EGP 370.49 million in the earlier year, including minority shareholders' rights. The company …
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7 February 2022 11:51 AM MM Group signs distribution agreement with Apple Trading Egypt
Cairo – Mubasher: MM Group for Industry and International Trade has reached an agreement with Apple Trading Egypt to become a non-exclusive authorised distributor of Apple products in Egypt. The company will start sales by the third quarter (Q3) …
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26 December 2021 01:41 PM MM Group to contribute to Basata Financial Holding's capital increase
Cairo – Mubasher: The board of MM Group for Industry and International Trade has approved to contribute to increasing the capital of Basata Financial Holding with a total value of EGP 25 million. MM Group's stake in Basata's capital increased to …
The company's revenues jumped by 8.1%
16 November 2021 10:57 AM MM Group records higher profits in 9M
Cairo – Mubasher: The consolidated net profits of MM Group for Industry and International Trade increased to EGP 334.57 million during the first nine months of 2021, compared to EGP 299.78 million in the year-ago period, including minority …
The sales grew to EGP 4.83 billion in the six-month period ended 30 June
16 August 2021 04:57 PM MM Group's H1 profit grows 17%
Cairo – Mubasher: MM Group for Industry and International Trade posted consolidated net profits of EGP 245.03 million in the first half (H1) of 2021, an increase of 16.66% year-on-year (YoY) from EGP 210.02 million, including minority …
MM Group will contribute to increasing the capital of Basata by EGP 40 million
4 July 2021 00:21 PM MM Group to contribute to Basata Financial Holding's capital raise
Cairo - Mubasher: The board of directors of MM Group for Industry and International Trade approved a decision to contribute to the capital increase of Basata Financial Holding, which operates in non-banking financial services. MM Group will …
The sales grew to EGP 2.51 billion in the three-month period
7 June 2021 11:09 AM MM Group's profit grows 22% in Q1-21
Cairo – Mubasher: MM Group for Industry and International Trade achieved net profits of EGP 130.24 million in the first quarter (Q1) of 2021, up by 22.13% year-on-year (YoY) from EGP 106.64 million, including minority shareholders’ rights. The …
The capital will be raised by EGP 119.88 million
25 April 2021 11:13 AM MM Group's shareholders approve capital raise via bonus issue
Cairo – Mubasher: The extraordinary general meeting (EGM) of MM Group for Industry and International Trade approved a decision to increase its paid-up and issued capital to EGP 599.41 million from EGP 479.53 million. The capital will be raised by …
The company’s sales amounted to EGP 8.68 billion in 2020, down from EGP 9.83 billion in 2019.
11 March 2021 11:54 AM MM Group annual profit down 22%; bonus shares proposed
Cairo – Mubasher: The net profits of MM Group for Industry and International Trade were down by 22% in 2020 to EGP 370.499 million, compared to EGP 475.59 million a year earlier. The company’s sales amounted to EGP 8.68 billion in 2020, down from …
This decision will enable Bee and Masary to grow their business volumes
24 February 2021 00:48 PM Ebtikar's board approves Vodafone Egypt's 20% acquisition in Bee, Masary
Cairo – Mubasher: The board of Ebtikar Holding for Financial Investments, the owner of Bee and Masary, has approved to ink a Memorandum of Understanding (MoU) to allow Vodafone Egypt to buy a 20% stake in each of the two e-payment platforms to …
The Financial Regulatory Authority’s (FRA) approved the transaction
14 February 2021 01:12 PM Ebtikar restructures investments ahead of IPO
Cairo – Mubasher: Ebtikar Holding for Financial Investments, a joint venture (JV) between MM Group for Industry and International Trade and B Investments Holdings, is executing a restructuring plan of its investments to prepare for listing its …
MM Group achieved net profits of EGP 299.78 million in nine months
20 December 2020 01:52 PM MM Group raises interest in Ebtikar for Financial Investment
Cairo – Mubasher: The board of directors of MM Group for Industry and International Trade decided to contribute to the capital increase of Ebtikar for Financial Investment by EGP 150 million, bringing its total contribution to EGP 365 million. In …
MM Group generated EGP 6.55 billion in sales in nine months
11 November 2020 04:00 PM MM Group’s profit declines 19% in 9M
Cairo – Mubasher: The consolidated net profits of MM Group for Industry and International Trade fell by 18.9% year-on-year (YoY) to EGP 299.78 million in the first nine months of 2020 from EGP 370.05 million, including minority shareholders’ …
MTI owns 49.9% of Ebtikar
21 September 2020 11:02 AM Ebtikar hires EFG Hermes to explore listing options
Cairo – Mubasher: MM Group for Industry and International Trade (MTI) and B Investments Holdings announced that Ebtikar Holding for Financial Investments appointed the Egyptian Financial Group Hermes Holding (EFG Hermes) to explore the various …
The company’s sales declined to EGP 4.34 billion
29 July 2020 01:46 PM MM Group’s profit falls 21% in H1-20
Cairo – Mubasher: MM Group for Industry and International Trade reported net profits of EGP 210.03 million in the first half (H1) of 2020, down by 20.88% year-on-year (YoY) from EGP 265.46 million, the consolidated financial statements showed. The …