Cairo – Mubasher: The financial indicators of Misr Chemical Industries showed a 3,152% surge in its net profits during July, registering EGP 14.66 million from around EGP 465,000 in the same month a year earlier.
The profit leap was ascribed to higher selling prices of products, according to a bourse disclosure on Sunday
During FY19/20, the company achieved net profits of EGP 64.17 million, down 17% from EGP 77.45 million in the year-ago period.
Revenues rose to EGP 365.7 million the year ended 30 June, compared to EGP 362.5 million a year earlier.
