Arab Moltaka Investments 2020 profit increases

The company registered a 24% Year on Year rise in the consolidated net profit

  

ArabFinance: Arab Moltaka Investments Company (AMIC) reported a consolidated net profit before minority interest of EGP 74,509,126 in 2020, according to the company’s November 23rd financial statements filed to the Egyptian Exchange.

The company registered a 24% Year on Year rise in the consolidated net profit from 60,051,955 achieved a year earlier.

Consolidated net profit before minority interest stood at EGP 74,509,126 in 2020, compared to EGP 60,051,955 achieved a year earlier.

Standalone net profit reached EGP 35,510,250 in 2020, a 13% rise from EGP 31,462,557 posted in 2019.

The financial services company will distribute dividends to shareholders of EGP 15 million.

AMIC plans to increase the volume of assets under management to EGP 6 billion by the end of 2021 and penetrating new sectors.

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.

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