ArabFinance: Kafr El Zayat Pesticides’ (KZPC) consolidated profits attributable to the parent company surged to EGP 72.745 million in 2021, from EGP 27.297 million in 2020, according to financial statements filed to the Egyptian Exchange (EGX) on Monday.

The company’s standalone profits after taxes rose to EGP 70.819 million in 2021, from EGP 44.011 million in 2020, financial statements showed.

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.