Founded in 2001 as a leading joint-stock company, Ferchem Masr is specialized in the blended phosphate fertilizer industry and soluble fertilizers were added later to support the industry.
ArabFinance: Ferchem Masr for Fertilizers and Chemicals (FERC) reported an 8% Year on Year increase in its net profit for the first half (H1) of 2020, according to the company’s August 13th financial statements filed to the Egyptian Exchange.
Net profit stood at EGP 12,579,226 in H1 2020, compared to EGP 11,641,497 achieved in H1 2019.
Earlier, the company stated that Abu Zaabal Fertilizers and Chemicals Company rented an area of 5,000 square meters from the former's land plot in Monufia Governorate.
Founded in 2001 as a leading joint-stock company, Ferchem Masr is specialized in the blended phosphate fertilizer industry and soluble fertilizers were added later to support the industry.