Misr Chemical Industries sees 449% higher profit in 7 months

The company generated revenues

  
Traders work at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.

Traders work at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.

REUTERS/Mohamed Abd El Ghany
Cairo – Mubasher: The net profits of Misr Chemical Industries skyrocketed by 449% year-on-year (YoY) to EGP 92.87 million in the first seven months of fiscal year 2020/2021, compared to EGP 16.91 million, according to a bourse disclosure on Sunday.

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

The company generated revenues worth EGP 248.63 million in the July-December period of 2020, up from EGP 153.59 million in the same period of a year earlier.

Source: Mubasher

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