Cairo – Mubasher: Paint and Chemicals Industries (Pachin) on Monday posted a rise of 182.1% in its consolidated profits for the second quarter of fiscal year 2016-2017, reaching EGP 51.99 million versus EGP 18.43 million for Q2-15/16.
Consolidated profits for H1-16/17 increased by 94.82% to EGP 70.39 million from EGP 36.13 million for H1-15/16, according to a bourse statement.
Standalone profits grew by 956% to EGP 39.6 million in H1-16/17, compared to EGP 3.75 million for the same period of the previous year.
Consolidated foreign exchange earnings amounted to EGP 39 million, while standalone foreign exchange profits reached EGP 34 million in H1-16/17.
The stock ended Sunday’s trading at EGP 25.6.
