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Kima turns to profitability in H1-21/22 unaudited financials

Kima turns to profitability in H1-21/22 unaudited financials
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Kima
EGCH
-1.19% 9.15 -0.11

Cairo – Mubasher: The unaudited financials of the Egyptian Chemical Industries (Kima) reported net profits of EGP 331.23 million in the first half (H1) of fiscal year (FY) 2021/2022, against net losses of EGP 631.26 million in the year-ago period.

The company's revenues jumped to EGP 2.11 billion in H1-21/22, up from EGP 691.16 million in the same half of fiscal 2020/2021, according to a bourse filing on Wednesday.

It is noteworthy to mention that during the first quarter (Q1) of FY21/22, Kima has achieved net profits of EGP 122.04 million, against net losses of EGP 414.84 million in the year-ago period.