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Misr Chemical Industries profit 50% down in four months

Misr Chemical Industries profit 50% down in four months
Misr Chemical Industries
MICH
-2.89% 36.01 -1.07
Misr Chemical Industries posted financial indicators for the four-month period till October 31, 2014, which mirrored EGP 8.5 million net profit, representing a decline by 49.7% from EGP 16.9 million reported in the same period a year earlier.
The company’s net profit for the first quarter of the fiscal year FY14/15 had reached EGP 9.7 million.
FY13/14 net profit had amounted to EGP 34.6 million.