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Misr Chemical Industries annual profits down 20%

Misr Chemical Industries annual profits down 20%
EGP 28.8 million earned in FY15/16 - (Photo Credit: Company's Website)
Misr Chemical Industries
MICH
-6.73% 38.94 -2.81

Cairo – Mubasher: Misr Chemical Industries announced Sunday its financial results for the fiscal year ended on 30 June 2016, according to a bourse filing.

The company's profits decreased by 20% year-over-year to EGP 28.8 million ($3.23 million) from EGP 36.1 million ($4.05 million).

During July-May 2015/16, its profits declined by 16.7% to EGP 26.5 million.