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 sales grew to EGP 2.51 billion in the three-month period ended 31 March from EGP 2.23 billion in the corresponding period a year earlier, the company said in a bourse disclosure on Monday.

The company logged standalone net profits of EGP 116.69 million in Q1-21, up from EGP 106.21 million in Q1-20.

In 2020, MM Group posted EGP 370.499 million in net profits, down from EGP 475.59 million a year earlier, including minority shareholders’ rights.