Arab Finance: Ferchem Masr for Fertilizers and Chemicals (FERC) reported a 99.14% year-on-year (YoY) increase in its net profits after tax in the first half (H1) of 2024, achieving EGP 37.045 million, compared to EGP 18.602 million, as per a filing on August 15th.

Revenues climbed to EGP 226.083 million from January through June, up from EGP 194.313 million over the same period of last year.

Founded in 2001 as a leading joint-stock company, Ferchem Masr is specialized in the blended phosphate fertilizer industry and soluble fertilizers.

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