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Misr Chemical Industries registers EGP 133M in FY 2020/2021

Misr Chemical Industries registers EGP 133M in FY 2020/2021

ArabFinance:  Misr Chemical Industries Company (MICH) posted a net profit of EGP 132.540 million in the fiscal year (FY) 2020/2021, according to the company’s unaudited financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) rise of 108% when compared to EGP 63.701 million in FY 2019/2020.

Misr Chemical Industries attributed the profit rise to the sale increase against last year.

The listed company posted a net profit of EGP 129.4 million during the period from July 2020 to May 2021.

The company’s manufacturing plant produces a range of chemical products including liquid caustic soda, caustic soda flakes, liquid chlorine, hydrochloric acid, and bleaching powder.

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