KIMA eyes EGP 4.3B revenue in FY 2022/2023
Updated 4/20/2022 11:36:00 AM
ArabFinance: Egyptian Chemical Industries (KIMA) (EGCH) is seeking to generate EGP 4.291 billion in revenue during the fiscal year (FY) 2022/2023, according to a filing to the Egyptian Exchange (EGX) on April 20th.
The company is targeting a distributable surplus of EGP 426.416 million in FY 2022/2023.
It is worth noting that the company 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.
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.
