Cairo – Mubasher: Misr Chemical Industries on Sunday reported a 28% year-on-year decline in its profits for the four-month period ended October.
Net profit amounted to EGP 39.9 million at the end of October, versus EGP 55.4 million in the year-ago period, according to a filing to the Egyptian Exchange (EGX).
The EGX-listed firm previously posted a 16% year-on-year drop in its profits for the first quarter of fiscal year 2018/2019.
Net profit reached EGP 24.6 million during the three-month ended September, versus EGP 29.4 million in the year-ago period.
