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MOPCO achieves profit over EGP 2B in 2020

MOPCO achieves profit over EGP 2B in 2020

ArabFinance:  Misr Fertilizers Production Company (MOPCO) (MFPC) achieved a consolidated net profit of EGP 2.488 billion in 2020, compared to EGP 1.645 billion posted in 2019, according to the company’s unaudited financial statements to the Egyptian Exchange on March 2nd.

The company registered a standalone net profit of EGP 1.14 billion in 2020, a 37% Year on Year from EGP 830.42 million posted in 2019. 

Egypt's Ministry of Finance purchased a total of 59,573,922 shares in MOPCO for EGP 2.9 billion.

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

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