Misr Chemical Industries reports 18% profit decrease

The board proposed cash dividends

ArabFinance:Misr Chemical Industries Company reported an 18% Year on Year decrease in its net profit in the fiscal year (FY) 2019/2020, according to the company’s September 9th statement filed to the Egyptian Exchange.

Net profit reached EGP 63.701 million in the FY 2019/2020, compared to EGP 77.459 achieved in FY 2018/2019.

The board proposed cash dividends of EGP 54.844 million for FY 2019/2020.

Misr Chemical, a subsidiary of Holding Company for Chemical Industries, is an Egypt-based public shareholding company engaged in the manufacture of chemical products. The company’s manufacturing plant produces a range of chemical products including liquid caustic soda, caustic soda flakes, liquid chlorine, hydrochloric acid, and bleaching powder.


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