Cairo – Mubasher: Ferchem Misr for Fertilizers and Chemicals reported a 74.84% year-on-year profit hike during the first nine months of 2019.

Net profits soared to EGP 22.29 million in the nine-month period ended 30 September from EGP 12.75 million in the year-ago period, the company said in a statement to the Egyptian Exchange (EGX) on Wednesday.

It is noteworthy that during the first half of 2019, Ferchem Misr logged a net profit of EGP 11.6 million, up from EGP 7.15 million in H1-18.