Cairo – Mubasher: Misr Chemical Industries reported a 109% year-on-year (YoY) hike in its net profit, logging EGP 133.1 million in fiscal year (FY) 2020/2021, compared to EGP 63.7 million. 

The revenues increased to EGP 480.6 million in the year ended 30 June from EGP 365.7 million a year earlier, the company said in a bourse disclosure on Sunday. 

The board of directors recommended a cash dividend of EGP 73.12 million or EGP 1 per share for the earnings of FY20/21. 

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