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Shorouk for Modern Printing profit skyrockets

Shorouk for Modern Printing profit skyrockets

ArabFinance:  Shorouk for Modern Printing and Packaging reported a 319% Year on Year rise in its consolidated net profit in the first nine months of 2020, according to the company’s November 18th unaudited financial statements filed to the Egyptian Exchange.

Consolidated net profit after tax stood at EGP 140,731,097 in the January-September period of 2020, compared to EGP 33,924,657 achieved in the prior-year period.

Standalone net profit reached EGP 94,395,198 in the January-September period of 2020, a 55% rise from EGP 60,849,974 posted in the corresponding period a year earlier.

The company distributed annual cash dividends for 2019 of EGP 2 per share on August 30th to the shareholders recorded on August 25th.

Shorouk for Modern Printing was established in 1979 as a private printing press. The company specializes in printing both books and magazines, in addition to packaging boxes and folding carton boxes.

 

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