Cairo – Mubasher: Misr Chemical Industries reported a 29% year-on-year profit drop in the first nine months of fiscal year 2018/2019.
The Egyptian firm’s profits registered EGP 75.5 million from July 2018 to last March, compared to EGP 106.3 million in the year-ago period, according to a statement to the Egyptian Exchange (EGX) on Tuesday.
Meanwhile, the company’s revenues retreated to EGP 286.5 million for the nine months ended 31 March from EGP 292.6 million in the same period of FY17/18.
For the first half of FY18/19, the company’s net profits amounted to EGP 62.59 million, compared to EGP 97.76 million in the corresponding period a year earlier.
