MOPCO reports 49% profit increase

This marked a Year on Year (YoY) rise of 49%

  

ArabFinance: Misr Fertilizers Production Company (MOPCO) (MFPC) posted a consolidated net profit before minority interest of EGP 792.666 million in quarter one (Q1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) rise of 49% when compared to EGP 533.616 million in Q1 2020.

MOPCO posted a standalone net profit of EGP 289.289 million in Q1 2021.

The listed company distributed annual cash dividends of EGP 3.5 per share on April 31st.

MOPCO, 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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