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EFIC's standalone profit leaps to EGP 37M

EFIC's standalone profit leaps to EGP 37M

ArabFinance: Egyptian Financial and Industrial Company (EFIC) posted a standalone net profit of EGP 37.394 million in half one (H1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) rise of 248% when compared to EGP 10.730 million in H1 2020.

EFIC posted a consolidated net profit before minority interest of EGP 39.943 million in quarter one of 2021.

EFIC is an Egypt-based company involved in the production and marketing of agricultural chemicals. The company focuses on the production and distribution of chemical resources and agricultural fertilizers, as well as the production of plastic and general bags to fill up its products.

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