Arab Finance: Misr Fertilizers Production Company (MOPCO) (MFPC) posted a 113.67% year-on-year (YoY) surge in consolidated net profit after tax during the first six months of 2024, according to financial statements filed to the Egyptian Exchange (EGX) on August 14th.

The company’s consolidated profit after tax jumped to EGP 10.204 billion in the six months to June 30th, 2024, from EGP 4.775 billion during the January-June period of 2023.

Sales rose to EGP 9.932 billion in the January-June period from EGP 3.114 billion during the same period a year earlier.

MOPCO is an Egypt-based company that is engaged in the production, marketing, wholesaling, and distribution of fertilizers and petrochemical products. The company's various products include ammonia, urea, and nitrogen.

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