Cairo - Mubasher: Chemical Industries Holding Company (CIHC) is targeting EGP 24.3 billion revenue from its subsidiaries during the fiscal year 2019/2020.
The company is planning to achieve EGP 2 billion total standalone revenue and EGP 738 million standalone net profit in FY19/20, Ministry of Public Business Sector stated on Saturday.
CIHC’s targeted revenue is 28% year-on-year higher, compared to the FY 17/18, the ministry added.
The state-run company’s chairman confirmed that the EGP 11.6 billion KIMA 2 project in Aswan is ready for inauguration on 30 June.
