18th Feb 2019 09:14
MNHD Summary Financial Results for year ended 31 December 2018 | ||||
Separate Financial Statements (unaudited) | ||||
Financial Indicators | ||||
Amounts in Egyptian Pounds | ||||
Statement of Income for Period from 1 Jan 2018 to 31 Dec 2018 | ||||
Year Ended | Year Ended | Change | ||
31-Dec-18 | 31-Dec-17 | % | ||
Revenues | 2,380,532,841 | 2,118,863,167 | 12.35% | |
Gross Profit | 1,686,435,891 | 1,547,943,740 | 8.95% | |
Gross Profit Margin | 70.84% | 73.06% | -3.03% | |
Net Profit Before Tax | 1,368,625,178 | 1,211,791,425 | 12.94% | |
Net Profit After Tax | 1,069,653,619 | 943,297,203 | 13.4% | |
Basic EPS | 0.80 | 0.71 | 12.68% | |
Statement of Financial Position as of 31 Dec 2018 | ||||
31-Dec-18 | 31-Dec-17 | Change % | ||
Net Working Capital | 4,011,945,398 | 2,492,185,527 | 60.98% | |
Total Shareholders' Equity | 3,334,777,952 | 2,360,289,333 | 41.29% | |
Paid-in Capital | 1,200,000,000 | 997,100,389 | 20.35% | |
Statutory Reserve | 170,478,648 | 123,313,788 | 38.25% | |
Retained Earnings | 894,645,685 | 296,577,953 | 201.66% | |
Net Profit for the year | 1,069,653,619 | 943,297,203 | 13.4% | |
Statement of Cash Flows | ||||
Year Ended | Year Ended | Change | ||
31-Dec-18 | 31-Dec-17 | % | ||
Cash Flows from Operations | 332,839,749 | -160,644,362 | 307.19% | |
Cash flows used in Investment | -93,850,092 | -24,998,731 | 275% | |
Cash Flows (used in)/from Finance | 46,293,817 | 82,206,493 | -43.69% | |
MNHD Summary Financial Results for year Ended 31 December 2018 |
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Consolidated Financial Statements (unaudited) |
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Financial Indicators |
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Amounts in Egyptian Pounds |
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Consolidated Statement of Income for Period from 1 Jan 2018 to 31 Dec 2018 |
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Year ended | Year ended | Change |
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31-Dec-18 | 31-Dec-17 | % |
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Revenues | 2,782,727,509 | 2,428,257,956 | 14.6% |
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Gross Profit | 1,790,378,992 | 1,587,725,282 | 12.76% |
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Gross Profit Margin | 64.34% | 65.39% | -1.6% |
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Net Profit Before Tax | 1,428,262,936 | 1,202,716,847 | 18.75% |
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Net Profit After Tax | 1,110,376,648 | 933,053,186 | 19% |
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Basic EPS | 0.82 | 0.84 | -2.38% |
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Statement of Financial Position as of 31 Dec 2018 |
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31-Dec-18 | 31-Dec-17 | Change % |
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Net Working Capital | 4,194,055,726 | 2,608,530,257 | 60.78% |
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Total Shareholders' Equity | 3,469,440,127 | 2,454,598,641 | 41.34% |
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Paid-in Capital | 1,200,000,000 | 997,100,389 | 20.35% |
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Statutory Reserve | 170,478,648 | 123,313,788 | 38.25% |
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Retained Earnings | 918,233,758 | 332,036,186 | 176,55% |
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Statement of Cash Flows |
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Year Ended | Year Ended | Change |
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31-Dec-18 | 31-Dec-17 | % |
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Cash Flows from Operations | 271,856,658 | -186,830,517 | 245.51% |
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Cash flows used in Investment | -20,924,733 | -26,099,473 | -19.82% |
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Cash Flows (used in)/from Finance | 46,115,935 | 81,569,109 | -43.46% |
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Summary of Board of Directors Decisions
MNHD BOD has convened on Sunday 17 February 2019 and has concluded the following decisions:
1. Ratified of the minutes of prior Board meeting
2. Discussed and approved the un-audited financial statements, report of the audit committee, and draft report of the BOD's on application of the corporate governance rules according the governance guide issued by the Egyptian Financial Regulatory Authority (FRA) for the year ended 31 December 2018. The financial statements are pending issuance of the auditors' report thereon; which is expected to be unqualified audit opinion.
3. Appointed Director Mr. Yasser Kamel El Malah as independent member of the audit committee.
4. Approved the recommendation of the audit committee to approve the memo presented by the Finance Sector regarding the compliance with EGX revised listing rules.
5. Authorized the Chairman of the Board to invite the shareholders to the Annual General Meeting (AGM) and Extraordinary General Meeting (EGM)
6. Discussed other ordinary business-related subjects.
The above represents all material information required for disclosure according to the Capital Market Law, its executive regulations, and implementation directions thereof.
Investors Relations
17 February 2019
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