Cairo – Mubasher: Ferchem Misr for Fertilizers and Chemicals reported a 228% year-on-year profit hike during the first quarter of 2019.
The Egyptian firm’s net profits amounted to EGP 3.6 million in the January-March period of this year, compared to EGP 1.09 million in the year-ago period, according to a filing to the Egyptian Exchange (EGX) on Monday.
Meanwhile, revenues rose to EGP 20.73 million in Q1-19 from EGP 15.23 million in the corresponding period a year earlier.
For the full-year 2018, Ferchem Misr’s profits logged EGP 19.8 million, compared to EGP 8.6 million in the prior year.
