Cairo - Mubasher: Paint and Chemicals Industries (PACHIN) reported net profits of EGP 17.66 million for the first quarter of the fiscal year 2015/16, up 54.5% y-o-y according to its consolidated financial statements.
The company posted net profits of EGP 11.43 million in the similar period of FY2014/15.
For Q1-FY15/16, the company saw unconsolidated net profits of EGP 2.89 million, compared with EGP 1.86 million for the same period of the previous fiscal year.
Last November, the company unveiled its financial indicators for the first quarter of FY15/16, which reflected a rise of 85% in net earnings.
