Misr Chemical Industries eyes profit in FY21/22

The budget was announced

  
Cairo – Mubasher: The board of directors of Misr Chemical Industries approved the planned budget for fiscal year 2021/2022.

The company aims to achieve EGP 100 million in profit for the next fiscal year, according to a bourse disclosure on Monday.

The budget, pending shareholder approval, includes targeted revenues of EGP 448.2 million and estimated costs and expenses of EGP 324.1 million for FY21/22.

During the first half (H1) of FY20/21, the company posted net profits of EGP 82.26 million, up from EGP 14.34 million in the year-ago period.

Source: Mubasher

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