Cairo - Mubasher: Misr Chemical Industries achieved net profits of EGP 129.402 million during the first 11 months of the fiscal year (FY) 2020/2021, up by 157.5% from EGP 50.257 million in the year-ago period.

The achieved net profits are higher than the target of EGP 70.04 million for the 11-month period ended 31 May, the company said in a bourse disclosure on Sunday. 

During the first 10 months of FY20/21, the company logged net profits of EGP 117.63 million, compared to EGP 39.48 million in the corresponding period a year earlier.