Mubasher Egypt - LE 15 million profits for Misr chemical industry in two months

 Mubasher Egypt - LE 15 million profits for Misr chemical industry in two months

  Cairo - Mubasher: The financial indicators of Misr Chemical Industries Co. (KIA) showed a 31% year-on-year decline in profits from July to August 2018. The company said in a statement to the Egyptian Stock Exchange on Sunday that it achieved a profit of 15.24 million pounds during the two months ended in August, compared to profits of 22.12 million pounds in the comparative period of 2017. The company posted a profit of 12 million pounds last July, against a profit of 9.6 million pounds in the comparative month of 2017. The company 's financial statements showed that it achieved a profit of LE100 million during 2017-2018, compared to a profit of LE 208.04 million in the previous fiscal year. The company 's revenues during the period increased by 153%, reaching about 400 million pounds by the end of last June, compared to 158.3 million pounds during the previous fiscal year. The distribution list revealed a distribution of 74.2 million pounds to shareholders for the fiscal year 2017-2018.  The company 's capital is 260 million pounds, distributed over 65 million shares, with a nominal value of 4 pounds per share.