Arab Finance: Paints and Chemical Industries (Pachin) (PACH) garnered consolidated net profits attributable to the holding company of EGP 14.498 million in the first half (H1) of the current fiscal year (FY) 2022/2023, versus net losses of EGP 12.823 million in the FY-ago period, according to the company’s financial statements.
The company's net sales rose during the first six months of the current fiscal year to EGP 486.397 million, compared to EGP 427.958 million during the July-December period of 2021.
At the level of the standalone financial results, Pachin achieved a net profit after tax of EGP 3.612 million in H1 of FY 2022/2023, versus a net loss of EGP 1.917 million during the first six months of the elapsed FY 2021/2022.
Paints and Chemical Industries is an Egypt-based public shareholding company engaged in the production, marketing, distribution of paints, varnishes, industrial chemicals, printing inks, animal extracts, and other related products.