Cairo – Mubasher: The consolidated net profits of Paint and Chemicals Industries (Pachin) plunged to EGP 1.58 million in the first quarter (Q1) of fiscal year (FY) 2021/2022, compared to EGP 20.06 million in the year-ago period.

The company's revenues rose to EGP 213.07 million in the July-September period of the current fiscal year from EGP 207.18 million in the same quarter of the earlier year, according to a bourse filing Sunday.

As for standalone financials, the company's net profits increased to EGP 1.18 million in Q1-FY21/22 from EGP 1.12 million in the year-ago period.

It is noteworthy to mention that during FY 2020/2021, Pachin achieved consolidated net profits after tax worth EGP 52.75 million.