EFIC’s consolidated profit leaps 561.1% YoY in H1
Updated 8/16/2022 1:26:00 PM
Arab Finance: Egyptian Financial and Industrial (EFIC) reported a 561.13% year-on-year (YoY) surge in consolidated net profit attributable to the holding company for the first half (H1) of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on August 16th.
Consolidated net profit attributable to the holding company amounted to EGP 499.57 million in H1 2022, compared to EGP 75.56 million in H1 2021.
Net sales grew to EGP 1.96 billion in the January-June period from EGP 1.05 million in the same period last year.
The company previously reported that a standalone net profit after tax of EGP 247.425 million in H1 2022, compared to EGP 37.394 million in the same period of 2021.
EFIC is an Egypt-based company involved in the production and marketing of agricultural chemicals. The company focuses on the production and distribution of chemical resources and agricultural fertilizers, as well as the production of plastic and general bags to fill up its products.
