Arab Finance: Misr Chemical Industries Company (MICH) has posted a 158% year-on-year (YoY) hike in net profits after tax in fiscal year (FY) 2022/2023, reaching EGP 543.484 million, compared to EGP 211.054 million, as per the company’s unaudited financial indicators sent to the Egyptian Exchange (EGX) on July 30th.
Sales logged EGP 867.949 million in FY 2022/2023, up 58% YoY from EGP 550.707 million.
Misr Chemical Industries owns a manufacturing plant that produces a range of chemical products including liquid caustic soda, caustic soda flakes, liquid chlorine, hydrochloric acid, and bleaching powder.