Misr Chemical Industries posts 174.6% YoY profit hike in 5 months

Reuters Images

The company recorded a net profit of EGP 219.03 million in the five-month period ended November 30th

Staff Writer, Arab Finance

December 26, 2022

PHOTO

Misr Chemical Industries Company (MICH) reported a 174.6% year-on-year (YoY) hike in net profit for the first five months of fiscal year (FY) 2022/2023, according to a statement filed to the Egyptian Exchange (EGX) on December 25th.

The company recorded a net profit of EGP 219.03 million in the five-month period ended November 30th, compared to a profit of EGP 79.73 million in the same period of FY 2021/2022.

Misr Chemical Industries owns a manufacturing plant that produces a range of chemical products including liquid caustic soda, caustic soda flakes, liquid chlorine, hydrochloric acid, and bleaching powder.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO