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 shareholders’ rights.

The sales grew to EGP 4.83 billion in the six-month period ended 30 June from EGP 4.34 billion in the prior-year period, the company said in a bourse disclosure on Monday.

As for standalone business, the company logged net profits of EGP 227.72 million in H1-21, up from EGP 204.65 million in H1-20.

In the first quarter (Q1) of 2021, MM Group recorded net profits of EGP 130.24 million, up by 22.13% year-on-year (YoY) from EGP 106.64 million, including minority shareholders’ rights.