Cairo – Mubasher: The unaudited financial results of the Egyptian Chemical Industries (Kima) showed net losses of EGP 414.84 million in the first quarter (Q1) of fiscal year 2020/2021, versus net profits of EGP 80.1 million in the year-ago period.

Sales surged to EGP 637.294 million in the July-September period from EGP 65.1 million in the corresponding period a year earlier, the company said in a bourse disclosure on Sunday.

During FY19/20, Kima turned to net losses of EGP 1.35 billion, against net profits of EGP 32.33 million a year earlier, the modified unaudited financial results showed.