Kafr El Zayat reports profit increase
Updated 2/28/2021 12:26:34 PM
ArabFinance: Kafr el Zayat Pesticides and Chemicals Company (KZPC) registered a consolidated net profit of EGP 27.29 million in 2020, compared to EGP 26.68 million in 2019, according to the company’s statement to the Egyptian Exchange on February 28th.
The company’s standalone net profit stood at EGP 44.01 million last year, compared to EGP 26.72 million in 2019.
During the first nine months of 2020, the company recorded a consolidated net profit attributed to the shareholders worth EGP 20.86 million.
Kafr el Zayat 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.
