Cairo – Mubasher: Misr Chemical Industries achieved net profits of EGP 41.88 million during the first quarter (Q1) of fiscal year 2020/2021, up by 370% year-on-year (YoY) from EGP  8.916 million, the unaudited financial results showed.

The company’s revenues surged to EGP 126.77 million in the July-September period from EGP 78.32 million in the prior-year period, according to a bourse disclosure on Wednesday.

During FY19/20, the company logged EGP 63.7 million in net profits, down from EGP 77.45 million a year earlier.