Misr Chemical Industries Co. Reports Unaudited Earnings Results for the First Seven Months and Nine-Month Period Ended 31 March 2020
April 26, 2020 at 09:55 am EDT
Misr Chemical Industries Co. reported unaudited earnings results for the first seven months and nine-month period ended 31 March 2020. The company's net profits plunged to EGP 28.46 million in the nine-month period ended 31 March, compared to EGP 75.5 million in the corresponding period a year earlier. Revenues fell to EGP 245.35 million from EGP 286.54 million in the prior-year period.
For the first seven months of FY19/20, the company's net profits tumbled to EGP 16.91 million from EGP 62.59 million in the year-ago period.