Arab Finance: Ferchem Masr for Fertilizers and Chemicals (FERC) reported a 13.39% year-on-year (YoY) surge in net profit after tax during the first nine months of 2023, according to financial statement filed to the Egyptian Exchange (EGX) on November 14^th.

Net profits stood at EGP 29.734 million during the nine-month period ending September 30th, compared to EGP 26.223 million in the year-ago period.

Revenues climbed to EGP 296.933 million during the January-September period from EGP 134.068 million during the same period in 2022.

Founded in 2001, Ferchem Masr is a specialized company in the blended phosphate fertilizer industry and soluble fertilizers.

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