Equity Analysis /
Egypt

Porto Group Holding: PORTO GROUP HOLDING: 2Q18 – sales decline annually and sequentially

    Tellimer Research
    15 August 2018
    Published byTellimer Research
    Unimpressive figures as sales declined annually and sequentially. 2Q18 GPM was similar to 2Q17 GPM but significantly lower than 1Q18 GPM. The rise in SG&A expenses and finance costs brought NPM down to 1.5%.