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Kima's loss widens to EGP 1.4bn in FY20/21 adjusted financials

Kima's loss widens to EGP 1.4bn in FY20/21 adjusted financials
The revenues hiked to EGP 1.4 billion in the year ended 30 June
Kima
EGCH
3.02% 3.42 0.10

Cairo – Mubasher: Egyptian Chemical Industries (Kima) incurred net losses of EGP 1.42 billion in fiscal year (FY) 2020/2021, up by 5.1% year-on-year (YoY) from EGP 1.35 billion a year earlier, the adjusted unaudited financial results showed.

The revenues hiked to EGP 1.4 billion in the year ended 30 June, compared to EGP 315.18 million in FY19/20, Kima said in a bourse disclosure on Tuesday.

During the first nine months of FY20/21, Kima turned to net losses of EGP 1.02 billion, against net profits of EGP 42.915 million in the prior-year period.