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Kima’s profits fall 15% in H1-23/24

Kima’s profits fall 15% in H1-23/24
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4.55% 10.79 0.47

Cairo – Mubasher: Egyptian Chemical Industries (Kima)posted net profits after tax worth EGP 513.61 million in the first half (H1) of fiscal year (FY) 2023/2024, down 15% year-on-year (YoY) from EGP 604.44 million.

The revenues increased by 14% to EGP 3.20 billion in H1-23/24 from EGP 2.80 billion in H1-22/23, according to the financial statements.

Earnings per share (EPS) stood at EGP 0.43 as of 31 December 2023, an annual decline of 15% from EFP 0.50.

In the three-month period that ended on 30 September 2023, Kima recorded 25% lower net profits after tax at EGP 350.46 million, compared to EGP 471.22 million.