ArabFinance: Ferchem Masr for Fertilizers and Chemicals (FERC) posted a net profit after tax of EGP 26.578 million in 2021, up from EGP 22.969 million in 2020, according to financial statements filed to the Egyptian Exchange (EGX) on Monday.
The company’s revenue surged to EGP 172.812 million in the full year ended December 31st 2021, from EGP 101.139 million the year before.
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.