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Arab Moltaka H1 profit decreases

Arab Moltaka H1 profit decreases

ArabFinance: Arab Moltaka Investments Company (AMIC) (AMIA) reported a slight Year on Year decline in its consolidated net profit for the first half (H1) of 2020, according to the company’s August 13th financial statements filed to the Egyptian Exchange.

Consolidated net profit stood at EGP 31,645,287 in H1 2020, compared to EGP 32,025,022 achieved in H1 2019.

Standalone net profit reached EGP 11,531,363 in H1, a 51% fall from EGP 23,362,231 posted in H1 2019.

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.

The company has total assets of more than EGP 1.9 billion.

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