KIMA’s profit climbs 129% YoY in 9 months
Updated 5/17/2023 10:22:00 AM
Arab Finance: Egyptian Chemical Industries (KIMA) posted a 129% year-on-year (YoY) surge in net profit for the first nine months of fiscal year (FY) 2022/2023, according to the company’s financial income statement filed to the Egyptian Exchange (EGX) on May 17th.
Net profit amounted to EGP 1.105 billion in the nine-month period of FY 2022/2023, compared to EGP 481.948 million in the same period of FY 2021/2022.
The company recorded revenues of EGP 5.134 billion in the nine-month period ended March 31st, compared to EGP 3.120 billion in the same period of FY 2021/2022.
KIMA is an Egypt-based nitrogen-based fertilizers manufacturing leader and is engaged in the agricultural chemicals industry.
The company produces and distributes various products, including urea, ammonium nitrate, ferrosilicon alloy, liquid ammonium nitrate fertilizer, prill ammonium nitrate fertilizer, liquid ammonia, aqua-ammonia, nitric acid, hydrochloric acid, and silica fume.
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