Pioneers Holding (PIOH) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2018, and ending December 31, 2018.
The company posted consolidated net profits of LE1,228,099,327, versus net profits of LE1,142,397,221 in the same period a year ago, taking into account the minority rights.
Moreover, it posted standalone net profits of LE97,039,247, versus net profits of LE73,346,889 in the same period last year.
It is worth mentioning the Board of Directors (BoD) suggested canceling the profit distribution attributable to shareholders and dealing it to the coming years.