Cairo – Mubasher: The modified unaudited financial results of Misr Chemical Industries showed an 18% year-on-year (YoY) decline in its net profits, logging EGP 63.7 million during fiscal year 2019/2020, compared to EGP 77.45 million.

Meanwhile, the company’s revenues increased to EGP 365.7 million during the year ended 30 June from EGP 362.5 million a year earlier, according to a bourse disclosure on Wednesday.

During the first 11 months of FY19/20, the company achieved net profits of EGP 50.26 million, down from EGP 82.52 million in the year-ago period.