Kafr el Zayat Pesticides registers 45% profit rise

Updated 8/24/2020 1:41:00 PM

ArabFinance: Kafr el Zayat Pesticides and Chemicals Company (KZPC) reported a 45.4% Year on Year increase in its consolidated net profit for the first half (H1) of 2020, according to the company’s August 24th financial statements filed to the Egyptian Exchange.

Consolidated net profit before non-controlling interest stood at EGP 33,589,872 in H1 2020, compared to EGP 23,098,852 achieved in H1 2019.

????‍??Standalone net profit reached EGP 33,559,278  in H1 2020, a 48% climb from EGP 22,717,950 achieved in H1 2019.

The company distributed cash dividends of EGP 1.50 per share on April 30th to the shareholders recorded on the 27th of the same month.

KZPC is an Egypt-based company that produces and sells formulations, such as pesticides, insecticides, fungicides, herbicides, rodenticides, and fertilizers to the agricultural and hygienic sectors in Egypt.

The company’s subsidiaries include Kafr El-Zayat International for Pesticides and Chemicals, Organic Biotechnology company, and Chemi Company.