Arab Finance: Misr Chemical Industries Company’s (MICH) net profits after tax rose 22% year on year (YoY) in the fiscal year (FY) 2023/2024, according to the financial indicators.
The firm earned EGP 668.5 million in net profits after tax last FY, compared to EGP 545.939 million in the prior year.
Meanwhile, sales climbed to EGP 908.025 million from EGP 867.949 million.
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.