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Kafr El Zayat Pesticides’ Q1 consolidated profit increases 19.9% YoY

Kafr El Zayat Pesticides’ Q1 consolidated profit increases 19.9% YoY

ArabFinanceKafr El Zayat Pesticides (KZPC) has reported 19.98% year-on-year growth in consolidated net profit attributable to the parent company for the first quarter (Q1) of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on May 15th.

Consolidated net profit attributable to the parent company stood at EGP 39.82 million in Q1 2022, compared to a profit of EGP 33.19 million in the year-ago period.

The company registered consolidated operating revenues of EGP 268.22 million in the January-March period of 2022, up from EGP 227.23 million in the same quarter last year.

Meanwhile, the company’s standalone net profit after tax increased to EGP 38.51 million in Q1 2022 from EGP 33.70 million in Q1 2021, according to the standalone financial statement.

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.

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