Misr Chemical Industries reported unaudited earnings for the six months ended December 31, 2019. For the six months, the company showed a 75.91% year-on-year profit drop during the first half of fiscal year 2019/2020. Net profits plunged to EGP 14.34 million compared to EGP 59.52 million in the year-ago period. The decline in profits was ascribed to a 40% year-on-year decrease in sales prices, the company noted. Revenues fell by 27.42% to EGP 153.59 million in the July-December period of 2019, compared to EGP 211.6 million in the corresponding period a year earlier.