ArabFinance: The Egyptian Financial and Industrial Company (EFIC) reported a 35% Year on Year decline in its consolidated net profit in the first nine months of 2020, according to the company’s November 12thfinancial statements filed to the Egyptian Exchange.

Consolidated net profit before minority interest stood at EGP 82,730,859 in the January-September period of 2020, compared to EGP 127,283,960 achieved in the prior-year period.

Standalone net profit reached EGP 37,211,469 in the January-September period of 2020, a 32% decrease from EGP 54,504,260 posted in the corresponding period a year earlier.

It distributed cash dividends amounting to EGP 0.750 per share on May 14th to the shareholders recorded on May 11th.

EFIC is an Egypt-based company involved in the production and marketing of agricultural chemicals. The company focuses on the production and distribution of chemical resources and agricultural fertilizers, as well as the production of plastic and general bags to fill up its products.

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