Cairo – Mubasher: Misr Chemical Industries reported a 514.65% year-on-year (YoY) surge in its net profits, logging EGP 59.13 million during the four months of fiscal year 2020/2021, compared to EGP 9.62 million, according to a bourse disclosure on Monday.

During the first quarter (Q1) of FY20/21, the company’s net profits soared by 370% to EGP 41.88 million from EGP 8.916 million in the year-ago period.