KIMA’s profit climbs 286.1% YoY in 3 months
Updated 12/6/2022 10:55:00 AM
Arab Finance: Egyptian Chemical Industries (KIMA) (EGCH) posted a 286.1% year-on-year (YoY) surge in net profit for the first quarter (Q1) of fiscal year (FY) 2022/2023, according to the company’s financial income statement filed to the Egyptian Exchange (EGX) on December 6th.
Net profit amounted to EGP 471.22 million in Q1 FY 2022/2023, compared to EGP 122.044 million in the same quarter of FY 2021/2022.
The company recorded revenues of EGP 1.56 billion in the three-month period ended September 30th, compared to EGP 987.627 million in Q1 FY 2021/2022.
KIMA is an Egypt-based nitrogen-based fertilizers manufacturing leader and is engaged in the agricultural chemicals industry.
The company produces and distributes various products, including urea, ammonium nitrate, ferrosilicon alloy, liquid ammonium nitrate fertilizer, prill ammonium nitrate fertilizer, liquid ammonia, aqua-ammonia, nitric acid, hydrochloric acid, and silica fume.
