EFIC’s standalone profit hikes 145% in 9 months

Revenues increasing by 88%

  

ArabFinance: Egyptian Financial & Industrial (EFIC) reported a 145% year-on-year surge in standalone net profit after tax for the first nine months of 2021, according to the company’s financial indicators filed to the Egyptian Exchange (EGX).

Standalone net profit after tax grew to EGP 91.084 million in the January-September period of 2021 from EGP 37.211 million in the same period of 2020.

Earnings per share (EPS) stood at EGP 105 in the nine-month period ended September 30th, 2021, compared to an EPS of EGP 43 in the year-ago period.

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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