EFIC reports 50% standalone profit decline

The company distributed cash dividends


ArabFinance: The Egyptian Financial and Industrial Company (EFIC) reported a 50% Year on Year decline in its standalone net profit in 2020, according to the company’s February 1stfinancial statements filed to the Egyptian Exchange.

Standalone net profit stood at EGP 71.556 million in 2020, compared to EGP 143.824 million achieved a year earlier.

The company distributed cash dividends of EGP 0.750 per share on May 14th to the shareholders recorded on May 11th.

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.

Copyright © 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities