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 EGP 9.83 billion in 2019, according to a stock exchange statement on Thursday.

The standalone profits were EGP 356.71 million last year, compared with EGP 390.36 million a year earlier.  

In the meantime, the company’s board proposed distributing 0.25 bonus share for every original share at a total value of EGP 119.88 million to shareholders for 2020.