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Arab Moltaqa's profits increase to EGP 60M YoY

Arab Moltaqa's profits increase to EGP 60M YoY

ArabFinance:  Arab Moltaqa Investment Company (AMIA) announced, in a statement sent to EGX, the audited financial results for the financial year 2019. 

The company posted consolidated net profits of EGP 60,051,955, compared to net profits of EGP 40,479,240 in the same period a year ago, taking into account the minority rights.  

Moreover, it posted standalone net profits of EGP 31,462,557, compared to net profits of EGP 36,023,080 in the same period last year. 

Arab Moltaqa's board proposed on profit distribution attributable to shareholders of EGP 60 million.  

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