Cairo – Mubasher: Paint and Chemicals Industries (PACHIN) posted a net profit of EGP 58.3 million ($6.58 million) in the first nine months of 2016, according to a bourse filing.
The company’s consolidated profits thus leaped by 75.13% year-over-year from EGP 33.29 million ($3.75 million).
Based on the unconsolidated results, PACHIN profits declined 13% year-over-year to EGP 8.94 million from EGP 10.28 million.
In FY15/16 first six months, the company earned EGP 36.13 million, a surge of 94% year-on-year from EGP 18.62 million.
