Misr Chemical Industries
MICH
-2.60%
36.03
-0.96
MICH
Cairo – Mubasher: Misr Chemical Industries reported a 606.5% year-on-year (YoY) leap in its net profit, registering EGP 72.16 million during the first five months of fiscal year 2020/2021, compared to EGP 10.21 million.
The company also announced the appointment of a new board of directors for a three-year term, to be headed by Wael Mohamed Hassan Shams El-Din as a Non-Executive Chairman, according to a bourse disclosure on Tuesday.
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.
Source:
Mubasher