MM Group for Industry and International Trade S.A.E. (EGX: MTIE)

MTIE Income Statement

Financials in millions EGP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	11,543	10,357	6,902	9,004	8,680	9,830
Revenue Growth (YoY)	38.54%	50.05%	-23.34%	3.73%	-11.70%	28.91%
Cost of Revenue	10,025	9,131	6,100	8,060	7,780	8,907
Gross Profit	1,517	1,227	802.36	943.99	899.96	922.89
Selling, General & Admin	491.69	427.2	366.89	401.19	377.54	293.89
Operating Expenses	499.4	435.04	389.54	421.47	383.83	301.3
Operating Income	1,018	791.84	412.82	522.53	516.13	621.6
Interest Expense	-39.82	-40.1	-44.36	-45.8	-37.09	-34.9
Interest & Investment Income	44.9	33.48	52.95	30.12	6.77	13.19
Earnings From Equity Investments	42.16	27.23	2.67	-22.42	2.78	30.75
Currency Exchange Gain (Loss)	20.72	9.19	26.99	-0.07	5.77	-5.17
Other Non Operating Income (Expenses)	-49.67	-25.16	-10.38	12.17	-11.93	-14.7
EBT Excluding Unusual Items	1,036	796.48	440.69	496.53	482.44	610.77
Gain (Loss) on Sale of Investments	136.08	107.32	12.75	0.78	1.1	3.41
Gain (Loss) on Sale of Assets	0.06	0.06	-0.73	0.3	-0.36	0.14
Pretax Income	1,172	903.87	452.71	497.61	483.18	614.32
Income Tax Expense	267.8	204.55	105.36	120.26	110.28	138.73
Earnings From Continuing Operations	904.65	699.32	347.35	377.35	372.89	475.59
Earnings From Discontinued Operations	-0.43	-0.16	-1.1	-1.89	-2.4	-
Net Income to Company	904.22	699.16	346.25	375.46	370.5	475.59
Minority Interest in Earnings	-18.31	-12.08	-3.57	-7.22	-4.09	-16.12
Net Income	885.91	687.08	342.68	368.24	366.41	459.47
Preferred Dividends & Other Adjustments	154.25	120.27	62.11	66.97	67.22	85.38
Net Income to Common	731.66	566.81	280.57	301.27	299.19	374.09
Net Income Growth	79.36%	100.50%	-6.94%	0.50%	-20.25%	69.39%
Shares Outstanding (Basic)	1,510	1,508	1,510	1,511	1,511	1,511
Shares Outstanding (Diluted)	1,510	1,508	1,510	1,511	1,511	1,511
Shares Change (YoY)	0.17%	-0.09%	-0.06%	-	-	-
EPS (Basic)	0.48	0.38	0.19	0.20	0.20	0.25
EPS (Diluted)	0.48	0.38	0.19	0.20	0.20	0.25
EPS Growth	81.21%	102.20%	-6.81%	0.69%	-20.02%	69.16%
Free Cash Flow	-85.3	193.28	726.99	304.33	191.94	90.71
Free Cash Flow Per Share	-0.06	0.13	0.48	0.20	0.13	0.06
Gross Margin	13.15%	11.85%	11.62%	10.48%	10.37%	9.39%
Operating Margin	8.82%	7.65%	5.98%	5.80%	5.95%	6.32%
Profit Margin	6.34%	5.47%	4.06%	3.35%	3.45%	3.81%
Free Cash Flow Margin	-0.74%	1.87%	10.53%	3.38%	2.21%	0.92%
EBITDA	1,039	813.04	433.88	542.99	537.46	633.4
EBITDA Margin	9.00%	7.85%	6.29%	6.03%	6.19%	6.44%
D&A For EBITDA	21.4	21.19	21.06	20.46	21.33	11.8
EBIT	1,018	791.84	412.82	522.53	516.13	621.6
EBIT Margin	8.82%	7.65%	5.98%	5.80%	5.95%	6.32%
Effective Tax Rate	22.84%	22.63%	23.27%	24.17%	22.82%	22.58%

Source: S&P Capital IQ. Standard template. Financial Sources.