{"id":545460,"date":"2022-03-30T13:45:42","date_gmt":"2022-03-30T13:45:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/earnings-watch-mm-group\/"},"modified":"2022-03-30T13:45:42","modified_gmt":"2022-03-30T13:45:42","slug":"earnings-watch-mm-group","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/earnings-watch-mm-group\/","title":{"rendered":"Earnings watch: MM Group"},"content":{"rendered":"

EARNINGS WATCH-<\/strong><\/p>\n

MM Group\u2019s bottom line rose 1.3% y-o-y to EGP 375.46 mn in 2021<\/strong>, according to the company\u2019s financials (pdf)<\/a>. Total sales hit EGP 9.00 bn in 2021, up 3.7% y-o-y.<\/p>\n

\n

MARKET ROUNDUP-<\/strong><\/p>\n

The EGX30 fell 1.4% at today\u2019s close<\/strong> on turnover of EGP 751 mn (22.7% below the 90-day average). Foreign investors were net sellers. The index is down 5.9% YTD.<\/p>\n

In the green: <\/strong>Qalaa Holdings (+1.4%), Orascom Construction (+1.3%) and Oriental Weavers (+1.3%).<\/p>\n

In the red: <\/strong>GB Auto (-3.8%), Rameda (-3.1%) and MM Group (-2.6%).<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- MM Group\u2019s bottom line rose 1.3% y-o-y to EGP 375.46 mn in 2021, according to the company\u2019s financials (pdf). Total sales hit EGP 9.00 bn in 2021, up 3.7% y-o-y. MARKET ROUNDUP- The EGX30 fell 1.4% at today\u2019s close on turnover of EGP 751 mn (22.7% below the 90-day average). Foreign investors were […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[409,68,633,642,1851],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545460","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-earnings-watch","tag-egx","tag-enterprisepm","tag-go-with-the-flow","tag-mm-group","wpautop","entry"],"acf":{"mongo_id":"2f5a027b-92d9-4080-bc69-7276dc4016fa","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[545451],"teaser":"","voice_url":""},"yoast_head":"\nEarnings watch: MM Group - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/30\/earnings-watch-mm-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: MM Group\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- MM Group\u2019s bottom line rose 1.3% y-o-y to EGP 375.46 mn in 2021, according to the company\u2019s financials (pdf). Total sales hit EGP 9.00 bn in 2021, up 3.7% y-o-y. MARKET ROUNDUP- The EGX30 fell 1.4% at today\u2019s close on turnover of EGP 751 mn (22.7% below the 90-day average). 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The company\u2019s real estate arm saw its revenues drop 47% y-o-y in 2022, while\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":587677,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/30\/earnings-watch-telecom-egypt-mm-group-housing-and-development-bank-raya-holding-eastern-company-and-abu-qir-fertilizers-report-results\/","url_meta":{"origin":545460,"position":1},"title":"Earnings watch: Telecom Egypt, MM Group, Housing and Development Bank, Raya Holding, Eastern Company, and Abu Qir Fertilizers report results","author":"enterpriseam admin","date":"30 May 2023","format":false,"excerpt":"EARNINGS WATCH- Telecom Egypt reported EGP 4.1 bn in normalized net income in 1Q 2023, rising 144% y-o-y, according to its earnings release (pdf). The company\u2019s revenues climbed 48% y-o-y to EGP 14 bn during the quarter.MM Group for Industry and International Trade\u2019s net income rose 201.7% y-o-y to EGP\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":551270,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/06\/earnings-watch-abu-qir-fertilizers-domty\/","url_meta":{"origin":545460,"position":2},"title":"Earnings watch: Abu Qir Fertilizers, Domty","author":"enterpriseam admin","date":"6 June 2022","format":false,"excerpt":"EARNINGS WATCH-Abu Qir Fertilizers saw its bottom line rise 294.6% y-o-y in 1Q 2022 to reach EGP 3.76 bn, according to the company\u2019s financials (pdf). 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The company\u2019s consolidated revenues also fell 22.9% y-o-y during the quarter to hit EGP 1.94 bn.Oriental Weavers recorded EGP 260.06 mn in net income in 1Q2022, down\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":565969,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/19\/earnings-watch-efg-hermes-idh\/","url_meta":{"origin":545460,"position":5},"title":"Earnings Watch: EFG Hermes, IDH","author":"enterpriseam admin","date":"19 May 2021","format":false,"excerpt":"EARNINGS WATCH- EFG Hermes\u2019 net income more than tripled to EGP 292 mn in 1Q2021, up from EGP 90 mn in the same period last year, the financial services giant said in its earnings release (pdf) this morning. 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