Cairo – Mubasher: Misr Chemical Industries said Sunday that net profits for July-October reached EGP 1.1 million, lower 88% year-on-year from EGP 9.7 million, according to a bourse filing.
Earlier, the company announced EGP 11.4 million targeted profits during the first four months of 2016/17.
In the first quarter of 2016/17, net profits declined 67% year-over-year to EGP 2.82 million from EGP 8.58 million.
The company's fiscal year starts on the first of July yearly.
On Thursday, the stock steadied at EGP 4.20.
