Cairo – Mubasher: Misr Fertilizers Production’s (Mopco) adjusted standalone financial statements showed a 1,063% rise in profits for the fourth quarter of fiscal year 2016 to EGP 1.461 billion, versus EGP 125.6 million for Q4-15.

Adjusted profits for FY16 grew 656.29% to EGP 1.92 billion from EGP 254.45 million for FY15, said a bourse statement on Sunday.

The company earlier reported a net profit of EGP 2.53 billion for FY16, rising 896% year-on-year.