Egypt: Chemical Industries Holding seeks over $249mln profits in FY 2022/23

Reuters Images

The company targets total operating revenue of over $1bln

Staff Writer, Arab Finance

October 5, 2022

PHOTO

Chemical Industries Holding Company (CIHC) is seeking to achieve a net profit of EGP 4.9 billion during the fiscal year (FY) 2022/2023, according to an official statement on October 4th.

The company targets a total operating revenue of EGP 26.5 billion and exports of EGP 3 billion in FY 2022/2023.

Moreover, the company’s extraordinary general meeting (EGM) approved increasing its authorized capital to EGP 8 billion from EGP 5 billion.

The EGM also approved raising issued and paid-up capital to EGP 6.5 billion from EGP 5 billion.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.