Misr Chemical Industries’ profit rises in 7 months
Updated 2/27/2022 11:54:28 AM
ArabFinance: The board of directors of Misr Chemical Industries Company (MICH) has endorsed the estimated budget for the fiscal year (FY) 2022/2023, with a net profit of EGP 121.054 million, according to a statement filed to the Egyptian Exchange (EGX).
The board also approved the financial statements for the first seven months of FY 2021/2022, which showed that the company achieved a net profit of EGP 111.902 million, compared to a profit of EGP 92.873 million in the same period of FY 2020/2021.
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.
