Cairo – Mubasher: Misr Chemical Industries’ unaudited financial statements showed a net profit of EGP 1.78 million for the first half of the fiscal year 2016-2017, 84% down from EGP 11.12 million for the first half of fiscal 2015/16.
Revenues declined in H1-16/17 by 22% to EGP 66.01 million from EGP 84.22 million for H1-15/16, according to a bourse filing.
Foreign exchange earnings reached EGP 4.8 million in the first half of fiscal 2016/17.
In the second quarter of fiscal 2016/17, the company suffered a net loss of EGP 1.04 million.
