ArabFinance: Kafr El Zayat Pesticides (KZPC) reported a consolidated net profit attributable too the parent company of EGP 59.84 million in the January-September period of 2021, up from EGP 3.54 million in the year-ago period, according to the company’s financial statements filed to the Egyptian Exchange (EGX).

On the other hand, standalone net profit after tax stood at EGP 58.19 million in the first nine months of 2021, higher from EGP 37.59 million in the same period of 2020.

Kafr el Zayat is an Egypt-based company that produces and sells formulations, such as pesticides, insecticides, fungicides, herbicides, rodenticides, and fertilizers to the agricultural and hygienic sectors in Egypt.

The company’s subsidiaries include Kafr el Zayat International for Pesticides and Chemicals, Organic Biotechnology company, and Chemi Company.