MM Group net profits double in the first 9 months of 2019 to EGP 357 mn

EARNINGS WATCH- MM Group reported a 52.9% y-o-y increase in 9M2019 consolidated net profits to EGP 357 mn, up from EGP 234 mn in the same period last year, the company said in a bourse disclosure (pdf). The company’s consolidated revenues also rose 40.6% during the first nine months of the year to EGP 7.7 bn, from EGP 5.5 bn last year.