July 28, 2020

Assiut Islamic National H1 profit increases

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

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

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

Assiut Islamic 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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