KIMA turns profitable in H1 FY 2021/2022
Updated 3/9/2022 10:30:52 AM
ArabFinance: Egyptian Chemical Industries (KIMA) (EGCH) has turned to profitability in the first half (H1) of fiscal year (FY) 2021/2022, according to the company’s unaudited financial indicators filed to the Egyptian Exchange (EGX).
The company has achieved a net profit after tax of EGP 331.23 million in H1 FY 2021/2022, versus a loss of EGP 631.25 million in H1 FY 2020/2021.
Moreover, the company’s operating revenue grew to EGP 2.11 billion in the six-month period ended December 31st 2021 from EGP 691.15 million in the same period of 2020.
KIMA is an Egypt-based nitrogen-based fertilizers manufacturing leader and is engaged in the agricultural chemicals industry sector.
The company produces and distributes various products, including urea, ammonium nitrate, ferrosilicon alloy, liquid ammonium nitrate fertilizer, prill ammonium nitrate fertilizer, liquid ammonia, aqua-ammonia, nitric acid, hydrochloric acid, and silica fume.
