ArabFinance: Misr Chemical Industries Company reported an 18% Year on Year decrease in its net profit in the fiscal year (FY) 2019/2020, according to the company’s September 9th statement filed to the Egyptian Exchange.
Net profit reached EGP 63.701 million in the FY 2019/2020, compared to EGP 77.459 achieved in FY 2018/2019.
The board proposed cash dividends of EGP 54.844 million for FY 2019/2020.
Misr Chemical, a subsidiary of Holding Company for Chemical Industries, is an Egypt-based public shareholding company engaged in the manufacture of chemical products. The company’s manufacturing plant produces a range of chemical products including liquid caustic soda, caustic soda flakes, liquid chlorine, hydrochloric acid, and bleaching powder.
Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
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.
