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MOPCO posts profit of EGP 2.2B in H1 2021

MOPCO posts profit of EGP 2.2B in H1 2021

ArabFinance: Misr Fertilizers Production Company (MOPCO) (MFPC) posted a consolidated net profit before minority interest of EGP 2.176 billion in the first half (H1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) rise of 84% when compared to EGP 1.184 billion in H1 2020.

Standalone net profit reached EGP 655.494 million in H1 2021, a 16% increase from EGP 565.381 million posted in H1 2020.

The listed company distributed annual cash dividends of EGP 3.5 per share on April 31st.

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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