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Misr Free Shops profits rise during FY2017/2018, suggests dividends

Misr Free Shops profits rise during FY2017/2018, suggests dividends

ArabFinance: Misr Duty-Free Shops (MFSC) announced in a statement sent to EGX, the audited financial results for the fiscal period starting July 1, 2017, and ending June 30, 2018.

The company posted consolidated net profits of LE100,261,733, versus net profits of LE87,746,042 in the same period a year ago.

 Moreover, it posted standalone net profits of LE100,013,960, versus net profits of LE87,318,885 in the same period a year ago.

The company's Board suggested distribution of LE85,772,873 over the shareholders.

It is worth to mention, the company called the ordinary general assembly to be convened on August 9, to discuss distribution of profits over the shareholders.

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