Egypt-based Assiut Islamic National Trade's H1 profit increases

ArabFinance: Assiut Islamic National Trade and Development (AITG) reported a slight Year on Year increase in its net profit in half one (H1) of 2020, according to the company's July 27th financial statements filed to the Egyptian Exchange (EGX).

Net profit stood at EGP3,529,230 in H1 2020, compared to EGP 3,460,364 posted in H1 2019.

The company distributed annual cash dividend of EGP 0.5 per share on April 26th to shareholders recorded on April 21^st.

Assiut Islamic National Trade is an Egypt-based public shareholding company engaged in the trade and distribution of building materials and agricultural machinery, and in the transportation sector.

It is involved in marketing all types of grains, seeds, and agricultural crops, as well as the sale and export of cotton.

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