Cairo – Mubasher: Kafr El Zayat Pesticides and Chemicals Company plans to generate sales amounting to EGP 1.73 billion in 2024, higher by 92% than EGP 902.90 million expected to be registered at the end of 2023.

The EGX-listed firm also aims to achieve net profits worth EGP 160.54 million in the January-December 2024 period, an annual hike of 53% from EGP 105.05 million, according to a bourse discourse.

In the first half (H1) of 2023, Kafr El Zayat Pesticides logged consolidated net profits after tax valued at EGP 142.45 million, up year-on-year (YoY) from EGP 79.57 million, including minority interest.

Revenues increased to EGP 990.08 million in H1-23 from EGP 711.93 million in H1-22, while the basic earnings per share (EPS) rose to EGP 0.79 from EGP 0.65.