Kima's loss slightly narrows in initial FY20/21 financials

Cairo – Mubasher: Egyptian Chemical Industries (Kima) reported net losses of EGP 1.33 billion in fiscal year (FY) 2020/2021, slightly down from EGP 1.35 billion a year earlier, the unaudited financial results showed.

The revenues surged to EGP 1.4 billion in the year ended 30 June, compared to EGP 315.18 million in FY19/20, Kima said in a bourse disclosure on Tuesday.

During the first nine months of FY20/21, Kima turned to net losses of EGP 1.02 billion, against net profits of EGP 42.915 million in the year-ago period.

Source: Mubasher

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