Pachin Paints's profit skyrockets 1,316%

The consolidated net profit of Paints and Chemical Industries (Pachin Paints) (PACH) hiked 1.316% during the July-December period

  

ArabFinance: The consolidated net profit of Paints and Chemical Industries (Pachin Paints) (PACH) hiked 1.316% during the July-December period of 2020, according to the company’s February 14thstatement to the Egyptian Exchange.

The company achieved a net profit of EGP 35.4 million during the six-month period ended December 31st 2020, compared to EGP 2.5 million in the same period of 2019.

On a yearly basis, the listed company reported a 454.89% leap in its consolidated net profit, achieving an EGP 20 million during the first quarter ended September 30th 2020. Leap

Paints and Chemical Industries Company (PACHIN) is an Egypt-based public shareholding company engaged in the production, marketing and distribution of paints, varnishes, industrial chemicals, printing inks, animal extracts and other related products.

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