Arab Finance: Misr Chemical Industries Company (MICH) saw a 14% year-on-year (YoY) hike in its net profits after tax during the first quarter (Q1) of fiscal year (FY) 2024/2025, hitting EGP 155.944 million, compared to EGP 136.744 million, according to the unaudited financial statement sent to the Egyptian Exchange (EGX) on October 27th.
The firm generated EGP 260.315 million in sales during the July-September period of this year, 8% up from EGP 240.332 million during the Q1 FY 2023/2024.
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.