Misr Chemical Industries Co. is targeting net profits of EGP 35 million in the fiscal year 2015/16, the company said in a bourse statement Tuesday.

The company's ordinary general meeting approved the estimated budget for FY15/16, the filing said, while also allocating EGP 417 million in investments for the year.

The firm is capitalised at EGP 200 million, distributed across 50 million shares at EGP 4 par value each.