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Arab Moltaka Q1 profit increases

Arab Moltaka Q1 profit increases

ArabFinance: Arab Moltaka Investments Company (AMIC) (AMIA) posted a slight rise in its consolidated net profit to EGP 15,645,273 in Quarter one (Q1) of 2020, according to the company's June 14th financial statements.

In Q1 2019, the company achieved EPG 15,634,892, the financial results showed.

Standalone net profit stood at EGP 774,976 in Q1 2020, a 284% climb from EGP 14,819,053 posted in the corresponding period.

The company distributed a cash dividend of EGP 0.470 per share on April 22nd to the shareholders recorded on April 15th.

AMIC invests in a diversified range of economic sectors covering a broad spectrum including industrial and agricultural investments, land reclamation and cultivation, livestock development, fisheries, real estate investments, and tourism. It has total assets of more than EGP 1.9 billion.

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