Cairo – Mubasher: Misr Chemical Industries posted on Sunday a loss of EGP 1.04 million for the second quarter of fiscal 2016-2017, against a profit of EGP 2.54 million for Q215/16.
In the first half of fiscal 2016/17, profits declined 84% to EGP 1.78 million from EGP 11.12 million for H1-15/16.
Revenues for the first half of fiscal 2016/17 shrank 22% to EGP 66.01 million from EGP 84.22 million for the same period of 2015/16, according to a bourse filing.
By 11:00am Cairo time, the stock rose 4.12% to EGP 4.55.
