Misr Chemical Industries' profits surge 474% in H1 of 20/21

CAIRO – 31 January 2021: The financial indicators of Misr Chemical Industries showed that the company's net profit during the first half of the current fiscal year (2020-2021) increased by 474 percent, on an annual basis.

The company added in a filing to the Egyptian Exchange (EGX), Sunday, that it recorded a net profit of LE 82.26 million since the beginning of July until the end of last December, compared to LE 14.34 million during the same period last fiscal year.

The company's revenues increased during the same period to reach LE 248.63 million, compared to LE 153.59 million during the same period of the previous fiscal year.

During the first 5 months of the current fiscal year, the company achieved a net profit of LE 72.16 million since the beginning of July until the end of last November, compared to LE 10.21 million during the same period of the last fiscal year.

During the first quarter of the fiscal year 2020-2021, Misr Chemical Industry achieved profits amounting to LE 41.88 million, compared to profits of LE 8.916 million in the comparative period of the last fiscal year.