Misr chemical Industries’ unaudited profits up 58.8% YoY in 12 months

Updated 8/1/2022 11:48:55 AM

Arab FinanceMisr Chemical Industries Company (MICH) reported a 58.86% year-on-year (YoY) increase in net profits for fiscal year (FY) 2021/2022, according to a statement filed to the Egyptian Exchange (EGX) on June 23rd.

The unaudited financial results for FY 2021/2022 showed that net profit reached EGP 211.459 million, compared to profits of EGP 133.108 million in FY 2020/2021.

Misr Chemical Industries owns a manufacturing plant that produces a range of chemical products including liquid caustic soda, caustic soda flakes, liquid chlorine, hydrochloric acid, and bleaching powder.