EFIC standalone profit rises

EFIC attributed the profit increase to the rise of the exports


ArabFinance: Egyptian Financial and Industrial Company (EFIC) posted a standalone net profit of EGP 20.269 million quarter one (Q1) 2021, according to the financial statements filed to the Egyptian Exchange.

The div marked a 179% year-on-year increase from EGP 7.273 million posted in Q1 2020.

EFIC attributed the profit increase to the rise of the exports to 54,770 tons of phosphate fertilizer compared to 150 tons in the prior-year period.
The company distributed annual cash dividends of EGP 0.250 per share on April 22nd.

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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