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MM Group records higher profits in 9M

MM Group records higher profits in 9M
The company's revenues jumped by 8.1%
MTI
MTIE
-4.20% 7.52 -0.33

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 shareholders' rights.

The company's revenues jumped by 8.1% year-on-year (YoY) to EGP 7.1 billion in the January-September period of 2021 from EGP 6.55 billion, according to a bourse filing on Tuesday.

As for the standalone businesses, the company's net profits amounted to EGP 305.663 million in the first nine months of 2021, up from EGP 286.97 million in the same period of 2020.

It is noteworthy to mention that during the first half (H1) of 2021, the company posted consolidated net profits of EGP 245.03 million, an increase of 16.66% year-on-year (YoY) from EGP 210.02 million, including minority shareholders' rights.