Kafr El Zayat Pesticides’ consolidated profit jumps 49.4% YoY in H1
Updated 8/14/2022 9:47:00 AM
Arab Finance: Kafr El Zayat Pesticides (KZPC) reported a 49.43% year-on-year (YoY) increase in consolidated profit excluding minority interest during the first half (H1) 2022, recording EGP 78.436 million, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on August 14th.
The company’s consolidated operating revenue soared to EGP 711.939 million during the period starting January 1st until June 30th from EGP 426.533 million in the same period a year earlier.
Moreover, standalone net profit after tax grew to EGP 73.974 million in the January-June period from EGP 52.578 million in the year-ago period.
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.
