News

The Board of Directors of Misr Chemical Industries announced that the company's net profit during the first half of the current fiscal year increased by 17.2%, on an annual basis. The company stated in a statement to the Egyptian Stock Exchange today, Sunday, that it recorded a net profit of 96.48 million pounds from the beginning of July until the end of last December, compared to 82.26 million pounds during the same period of the previous fiscal year. The company attributed the increase in the company's profits during the period to the increase in production quantities to the increase in demand for the company's products, and the increase in selling prices compared to the same period. It is noteworthy that Egypt's chemical industry recorded a net profit of 79.74 million pounds during the period from July to the end of last November, compared to profits of 72.16 million pounds during the same period last year.