Cairo – Mubasher: The net profits of Misr Chemical Industries skyrocketed by 449% year-on-year (YoY) to EGP 92.87 million in the first seven months of fiscal year 2020/2021, compared to EGP 16.91 million, according to a bourse disclosure on Sunday.

During the first half (H1) of FY20/21, the company achieved net profits of EGP 82.26 million, up from EGP 14.34 million in the year-ago period.

The company generated revenues worth EGP 248.63 million in the July-December period of 2020, up from EGP 153.59 million in the same period of a year earlier.