MOPCO logs 6% YoY higher consolidated profits in H1
Updated 8/29/2023 9:43:00 AM
Arab Finance: Misr Fertilizers Production Company (MOPCO) (MFPC) posted a 6% year-on-year (YoY) surge in consolidated net profit after tax during the first six months of 2023, according to financial statements filed to the Egyptian Exchange (EGX) on August 29th.
The company’s consolidated profit after tax jumped to EGP 3.971 billion in the six months to June 30th, 2023, from EGP 3.734 billion during the January-June period of 2022.
Sales rose 8% YoY to EGP 9.419 billion in the January-June period from EGP 8.712 billion during the same period a year earlier.
The firm stated previously that it posted a YoY surge of 67.13% in standalone net profit after tax for the first half (H1) of 2023.
MOPCO is an Egypt-based company that is engaged in the production, marketing, wholesaling, and distribution of fertilizers and petrochemical products. The company's various products include ammonia, urea, and nitrogen.
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