Italian Egyptian Mixers Net Profit 20.2% Higher; H1

Italian Egyptian Mixers Co. – Grand (ITMX.CA) reported a net profit of EGP 109.6 thousand during the first half of 2012, 20.2% higher than the year earlier net profit of EGP 91.17 thousand.

Total sales hit EGP 4.855 million during H1/2012; while the cost of sales reached EGP 3.97 million. Accordingly, gross profit, after excluding administrative and other expenses, has amounted to EGP 876.8. The costs of the breakdown in machines and equipments, which worth EGP 500 thousand,  have been also excluded. Noting that those machines and equipments are worth EGP 5.8 million.

Net profit for the year, before excluding the income tax, has reached EGP 137.1 thousand. In addition, the net profit for the year after excluding the income tax has hit EGP 27.4 thousand. Therefore, the net profit has amounted to EGP 109.6 thousand.

Worth mentioning,  the company’s current capital values at EGP 23.12 million distributed to 23.12 million securities in which the par value amounts to one Egyptian Pound per share.