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Middle East Glass's profits soar to EGP 128M ending June 2019

Middle East Glass's profits soar to EGP 128M ending June 2019

ArabFinance: Middle East Glass Manufacturing Company (MEGM) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2019, and ending June  30, 2019.

The company posted consolidated net profits of EGP 127,905,574, compared to net profits of EGP 20,524,911 in the same period a year ago, taking into account the minority rights. 

Moreover, it posted standalone net profits of EGP 50,835,513, against incurring net losses of EGP  4,360,827 in the same period last year. 

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