Cairo-Mubasher: Misr Chemical Industries (MCIH) said, in a filing to the Egyptian Exchange (EGX) on Sunday, it posted EGP 18 million ($2.4 million) net profit for the first seven months of the fiscal year 2014/2015, representing a decline by 33.3% compared with EGP 27 million ($3.5 million) in the same period a year earlier.

The chemical producer had generated EGP 14.7 million net profit for the first half of 2014/2015, down 39.5% year-over-year from EGP 24.3 million.

The company is capitalized at EGP 200 million, divided into 50 million shares at EGP 4 par value each.