Tawasul
Mubasher TV
Contact Us Advertising   العربية

Mopco logs EGP 1.5bn standalone profit in 2018

Mopco logs EGP 1.5bn standalone profit in 2018
Net profit amounted of EGP 1.48 billion in 2018
Mopco
MFPC
-2.52% 66.13 -1.71

Cairo – Mubasher: Misr Fertilizers Production Co (Mopco) on Monday reported a 44.4% year-on-year increase in standalone profits for 2018.

Net profit amounted of EGP 1.48 billion in the 12-month period ended December 2018, versus EGP 1.02 billion in 2017, according to a filing to the Egyptian Exchange (EGX).

Sales rose to EGP 2.6 billion last year from EGP 2.44 billion a year earlier, the company said.

In October, Mopco posted a 44.6% year-on-year rise in standalone profits for the first nine months of 2018, recording a net profit of EGP 937.63 million, versus EGP 646.89 million in the prior-year period.

Sales grew slightly to EGP 1.85 billion at the end of September, versus EGP 1.78 billion in the year-ago period.