Cairo – Mubasher: The financial indicators of Misr Chemical Industries showed a 901% year-on-year hike in profits for the 10-month period ended April 2018.
Profits amounted to EGP 122.49 million during the July-April period of fiscal year 2017/2018, up from EGP 12.23 million in the year-ago period, the company said in a filing to the Egyptian Exchange (EGX) on Sunday.
It is worth noting that the company had achieved a net profit of EGP 106.3 million in the July-March period of FY17/18, versus EGP 6.58 million in the prior-year period.
Sales climbed to EGP 292.6 million in the nine-month period ended last March, compared to sales of EGP 94.7 million in the same period a year earlier.
Misr Chemical aims at generating a profit of EGP 125.8 million in FY18/19, against losses of EGP 23.8 million in the prior fiscal year.
