Cairo – Mubasher: The net profits of Misr Chemical Industries jumped by 278% year-on-year (YoY) to EGP 107.55 million in the first nine months of fiscal year (FY) 2020/2021, compared to EGP 28.46 million, the unaudited financial results showed.
The company generated EGP 356.01 million in revenue in the nine-month period ended 31 March, compared to EGP 245.35 million in the corresponding period a year earlier, according to a bourse disclosure on Tuesday.
The profit growth was ascribed to higher selling prices of the company’s products.
During the first half (H1) of FY20/21, the company posted net profits of EGP 82.26 million, up from EGP 14.34 million in the year-ago period.
