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MTIE
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MTI Achieves EGP 1 Billion Profit Milestone in 2024 Amid Capital Expansion
MTI reports significant profit growth and capital increase, signaling strong financial performance in 2024.
April 16, 2025 at 5:27:00 PMScore: 90
MTI, a leading industrial and trade conglomerate, reported consolidated net profits of EGP 1.09 billion for 2024, marking a significant increase from EGP 699.15 million in 2023. Net sales surged to EGP 14.30 billion, up from EGP 10.35 billion the previous year. Earnings per share (EPS) rose to EGP 0.58 from EGP 0.47. On a standalone basis, net profits after tax reached EGP 907.96 million, growing from EGP 631.26 million in 2023. Non-consolidated EPS increased to EGP 0.49 from EGP 0.43, while sales climbed to EGP 9.33 billion from EGP 7.88 billion. The company also approved a capital hike, raising its issued and paid-up capital to EGP 1.17 billion from EGP 936.58 million. In the first nine months of 2024, consolidated net profits jumped to EGP 801.29 million, compared to EGP 482.12 million in the same period last year.
Recommended Actions
- Monitor MTI stock for potential buying opportunities
- Consider adding to positions on market dips
- Track EPS trends for sustained growth
- Review capital hike impact on shareholder value
- Stay updated on sector performance via financial platforms
Positive Aspects
- 32% year-over-year profit growth
- 40% increase in net sales
- EPS improvement from EGP 0.47 to EGP 0.58
- Capital expansion to support future growth
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