EFIC reports profit in 9 months

The company’s standalone net profit hiked by 145% Year on Year

  
Traders work at the Egyptian stock exchange in Cairo, Egypt April 18, 2016.

Traders work at the Egyptian stock exchange in Cairo, Egypt April 18, 2016.

REUTERS/Mohamed Abd El Ghany

ArabFinance: Egyptian Financial & Industrial (EFIC) posted a consolidated net profit of EGP 169 million during the first nine months of 2021, compared to EGP 82.73 million in the same period of 2020, according to the company’s filing to the Egyptian Exchange (EGX).

The company’s standalone net profit hiked by 145% Year on Year (YoY) to EGP 91.08 million during the nine-month period ended September 2021.

The company achieved revenues of EGP 745.57 million during the period from January to September 2021, increasing by 88% from EGP 396.348 million in the prior-year period.

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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