Cairo – Mubasher: Modern Polymers Co. reported net profits of EGP 515,900 for 2014, compared with EGP 2.21 million for the previous year, a drop of 76.6%.

The company posted revenues of EGP 21.6 million for 2014 compared to EGP 26.2 million for the preceding year.

Meanwhile, the firm posted EGP 150,800 net profits for the first nine months of 2014, compared with EGP 774,400 for the same period of 2013.

The company is capitalised at EGP 17 million, distributed across 17 million shares at EGP 1 par value each.