Ferchem Masr achives 40% profit rise
Updated 6/14/2020 9:47:13 PM
ArabFinance: Ferchem Masr for Fertilizers and Chemicals (FERC) posted 40% Year on Year increase in its net profit in Quarter one (Q1) of 2020, according to the company's June 14th financial statements filed to the Egyptian Exchange.
Net profit reached EGP 5,060,504 in Q1 2020, compared to EGP 3,602,911 achieved in Q1 2019.
The company distributed a cash dividend of EGP 2.5 per share on April 27th to shareholders recorded on April 22nd.
Ferchem Masr for Fertilizers and Chemicals was founded in 2001 as a leading joint-stock company specialized in blended fertilizer industry Phosphate and soluble fertilizers were added to help support the fertilizers industry, agriculture and develop this industry in Egypt.
The factories and administration of the company are located in El-Sadat City, Menofia Governorate, on a plot of (33.125) m2.
