Kafr El Zayat's Board okays standalone profits of LE56,469 m ending 2016

Updated 2/16/2017 4:16:50 PM

Arab Finance: Kafr El Zayat Pesticides (KZPC) declared to EGX in a statement, the board of directors’(BoD) decisions in a meeting was held February 15.

The board approved standalone unaudited financial results for fiscal year ending December 2016, which revealed posting LE56,469 million, versus LE30,760 million a year earlier, representing 83% growth.

According to the statement, floatation had a negative impact of LE4 million on the fiscal year ending 2016.