Arab Finance: International Company for Fertilizers and Chemicals’ (ICFC) net profits after tax surged 260.4% year on year (YoY) in the first quarter (Q1) of 2024, according to a disclosure on May 19th.
The firm earned EGP 61.392 million in net profits in Q1 2024, compared to EGP 17.037 million in Q1 2023.
Meanwhile, operating revenues climbed to EGP 467.915 million from EGP 218.453 million.