MOPCO logs net profit

Misr Fertilizers Production Company (MOPCO) (MFPC) posted a 37% Year on Year (YoY) hike in its net profit in 2020

  

ArabFinance: Misr Fertilizers Production Company (MOPCO) (MFPC) posted a 37% Year on Year (YoY) hike in its net profit in 2020, according to the company’s unaudited financial statements to the Egyptian Exchange on February 17th.

The company achieved a net profit of EGP 1.14 billion in 2020, compared to EGP 830.42 million in 2019.

The listed company reported a 34% YoY rise in its consolidated net profit for the first nine months of 2020, recording EGP 1.67 billion, compared to EGP 1.25 billion in the same period of 2019.

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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