ArabFinance Misr Fertilizers Production Company (MOPCO) (MFPC) reported a 29% Year on Year increase in its standalone net profit in the first nine months of 2020, according to the company’s November 10thfinancial statements filed to the Egyptian Exchange.
Standalone net profit after tax stood at EGP 725,145,907 in the January-September period of 2020, compared to EGP 561,605,250 achieved in the prior-year period.
MOPCO announced distributing EGP 2.5 per share as dividends for 2019.
Misr Fertilizers Production, formerly Misr Oil Processing company, is an Egypt-based company that is engaged in the production, marketing, wholesaling and distributing of fertilizers and petrochemical products. The company's various products include ammonia, urea, and nitrogen.
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