Cairo – Mubasher: Egyptian Chemical Industries (Kima) posted a decline by 66% year-on-year in its profits during the first quarter of the fiscal year 2016/2017, according to a bourse statement.
Net profits reached EGP 7.8 million in Q1 of FY16/17, compared to EGP 23 million in the prior-year period.
Sales increased 64% to reach EGP 84.4 million in Q1 of FY16/17, compared to EGP 51.5 million in the same period of FY15/16.
