Consolidated net profit stood at EGP 1,184,256,210 in H1 2020, compared to EGP 937,725,385 achieved in H1 2019.
The company attributed the increase in H1 profit to a decline in financing costs by EGP 434 million and income taxes by EGP 186 million.
Standalone net profit stood at EGP 565,380,934 in H1 2020, a 39% increase from EGP 406,008,115 achieved in H1 2019.
MOPCO announced distributing EGP 2.5 per share as dividends for 2019.
Misr Fertilizers Production, formerly Misr Oil Processing company, is an Egypt-based company that is engaged in the production, marketing, wholesaling and distributing of fertilizers and petrochemical products. The company's various products include ammonia, urea, and nitrogen.
Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).