Cairo – Mubasher: Holding Company for Chemical Industries has said that it aims to achieve around EGP 2.9 billion net profits through its subsidiaries during the fiscal year 2018/2019.
The parent firm aims to post EGP 488 million profits, in addition to EGP 1.162 billion revenues, according to FY2018/2019 budget.
The Egyptian chemical company also forecast that its units will see EGP 21.4 billion revenues from its activities, while it will repay EGP 600 million and debts to the Ministry of Finance (MoF) from its stake in FY2017/2018 profits.
The extraordinary general meeting (EGM) also approved to raise issued and paid capital by EGP 913,000 to reach EGP 4 billion.
