Cairo – Mubasher: Misr Chemical Industries’ board of directors has approved the estimated budget for fiscal year 2017/2018, with a target profit of EGP 109.5 million.

The company aims to achieve revenues of EGP 393.6 million for FY17/18, according to a statement released on Sunday.

In another statement, the company posted net profits of EGP 143,000 for the first half of FY16/17, versus EGP 11.7 million for H1-15/16.