MOPCO standalone Q1 profits rise

This marked a Year on Year (YoY) rise of 29%

  

ArabFinance: Misr Fertilizers Production Company (MOPCO) (MFPC) posted a standalone net profit of EGP 289.289 million in quarter one (Q1) 2021, according to the company’s May 27th financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) rise of 29% when compared to EGP 224.654 million in Q1 2020.

MOPCO 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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