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Misr Chemical Industries profits down 93.5% in 8M

Misr Chemical Industries profits down 93.5% in 8M
(Photo credit: Company's website)
Misr Chemical Industries
MICH
-2.60% 36.03 -0.96

Cairo – Mubasher: Misr Chemical Industries said Sunday that its profits for the first eight months of fiscal year 2016/2017 declined by 93.5% to EGP 890,000, compared to EGP 13.7 million for the same period in FY15/16, according to a bourse filing.

The company earlier posted a net profit of EGP 1.78 million for the first half of FY16/17.

The stock shrank on Thursday by 3.71% to EGP 7.26.