Ferchem Masr’s profits surge 107% YoY in H1

Updated 8/14/2023 10:02:00 AM
Ferchem Masr’s profits surge 107% YoY in H1

Arab Finance: Ferchem Masr for Fertilizers and Chemicals (FERC) reported a 107% year-on-year (YoY) increase in its net profits after tax in the first half (H1) of 2023, achieving EGP 18.602 million, compared to EGP 17.327 million, as per a filing on August 14th.

Revenues climbed 244% YoY to reach EGP 194.313 million from January through June, up from EGP 79.793 million over the same period of last year.

Founded in 2001 as a leading joint-stock company, Ferchem Masr is specialized in the blended phosphate fertilizer industry and soluble fertilizers.

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