Cairo – Mubasher: Egyptian Chemical Industries (Kima) has exported about 157,000 tonnes of urea since the beginning of fiscal year (FY) 2021/2022.
The company has entered new markets, including Eastern Africa, Romania, and Portugal, according to a bourse disclosure on Wednesday.
The foreign-currency revenues will help Kima meet its obligations and achieve a surplus in the near future.
In fiscal year (FY) 2020/2021, Kima reported net losses of EGP 1.33 billion, slightly down from EGP 1.35 billion a year earlier.
Source: Mubasher
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