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Zahraa Maadi posts slight increase in Q1 profits

Zahraa Maadi posts slight increase in Q1 profits

ArabFinance: Zahraa Maadi Investment and Development (ZMID) reported a year on year (YoY) increase of 1.7% in net profits during the first quarter, according to an EGX disclosure.

The company’s profits stood at EGP 34.84 million in Q1 2020, compared to EGP 34.27 million in Q1 2019.

Sales meanwhile plunged by 36.3% YoY to EGP 59.15 million from EGP 92.92 million.

Total revenues decreased by 2.8% to EGP 50.39 million from EGP 51.87 million.

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04 Oct 2021
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