Cairo - Mubasher: Misr Chemical Industries reported a 108% year-on-year (YoY) leap in its net profits to EGP 132.5 million in fiscal year (FY) 2020/2021, compared to EGP 63.7 million, the unaudited financial results showed. 

The company generated EGP 480.5 million in revenue in the year ended 30 June, up from EGP 365.7 million a year earlier, according to a bourse disclosure on Thursday. 

During the first 11 months of FY20/21, Misr Chemical Industries recorded net profits of EGP 129.4 million, compared to EGP 50.25 million in the year-ago period.