MM Group for Industry and International Trade (MTI) recorded a consolidated net profit of EGP 343 million in 2022, down 6.9% year-on-year (YoY) from EGP 368, according to an emailed release on March 30th.
The company generated consolidated revenues of EGP 6.9 billion last year, declining by 23.3% from EGP 9 billion in 2021.
Meanwhile, the company’s standalone net profit in 2022 rose by 5.2% YoY to EGP 375 million, compared to EGP 357 million.
Standalone revenues dropped by 20.2% last year to EGP 5.6 billion from EGP 7 billion in 2021.
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