Misr chemical Industries reports higher profit in 5 months

Updated 12/30/2021 10:46:23 AM

ArabFinance: The board of directors of Misr Chemical Industries Company (MICH) has approved the company’s financial results for the period starting July 1st until November 31st, 2021, according to a statement filed to the Egyptian Exchange (EGX).

The company recorded a net profit of EGP 79.736 million for the July-November period of fiscal year (FY) 2021/2022, up from EGP 72.164 million in the year-ago period.

Misr Chemical Industries owns a manufacturing plant that produces a range of chemical products including liquid caustic soda, caustic soda flakes, liquid chlorine, hydrochloric acid, and bleaching powder.