Holding Company for Chemical Industries’ revenue rise in FY18/19

Exports surged 40%

  

Cairo – Mubasher:Holding Company for Chemical Industries announced that its revenue grew to EGP 21.6 billion in the fiscal year ended June 2019.

The company’s consolidated financial statements showed an increase in net profit in FY18/19 which reached EGP 3.4 billion, according to a statement released on Saturday.

The value of holding company’s exports surged 40% year-on-year to EGP 1.6 billion in FY18/19.

Moreover, the total amount paid to the Egyptian public treasury by the company and its subsidiaries reached EGP 66 billion in the 12-month period ended 30 June 2019.

Source: Mubasher

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