Cairo – Mubasher: Egyptian Chemical Industries’ (Kima) ordinary general meeting (OGM) has approved the budget draft for fiscal year 2017/2018, with a targeted net profit of EGP 101.9 million.
Kima seeks to raise its profits for FY17/18 by 99% compared to an estimated net profit of EGP 51.2 million for the current fiscal year, a bourse filing said on Wednesday.
The investment budget for FY17/18 was set at EGP 5.2 billion.
The stock rose on Tuesday by 1.62% to EGP 6.26.
