Cairo – Mubasher: Misr Chemical Industries said Sunday that its profits declined 16.7% during the first eleven months of the fiscal year 2015/16, according to a bourse filing.
The company registered a net profit of EGP 26.5 million compared with EGP 31.8 million for the year-ago period.
Over the first ten months, the company earned EGP 24 million, down 17% from EGP 28.99 million registered for the same span a year earlier.
During the first half of 2015/16, profits slipped by 24.1% to EGP 11.1 million from EGP 14.6 million in H1-14/15.
