Cairo – Mubasher: Paint and Chemicals Industries (Pachin) achieved consolidated net profits after tax worth EGP 52.75 million during fiscal year (FY) 2020/2021.

The company recorded an annual jump of 1,054.5% from EGP 4.56 million profits in FY19/20, according to the income statements on Monday.

Net sales increased by 8.25% to EGP 849.44 million in FY that ended on 30 June 2021, compared to EGP 784.69 million in the same period a year earlier.

As for the standalone financial results, Pachin registered net profits after tax standing at EGP 39.95 million in FY20/21, posting a leap of 1,116% from EGP 3.28 million in FY19/20.

Standalone net sales meanwhile decreased by 8.9% to EGP 59.65 million at the end of June 2021 from EGP 65.52 million in FY that ended in June 2019.