Arab Finance: Paints and Chemical Industries (Pachin) recorded a consolidated net profit attributable to the holding company of EGP 25.98 million in the first nine months of fiscal year (FY) 2022/2023, versus a loss of EGP 856,000 in the year-ago period, according to the financial statement filed to the Egyptian Exchange (EGX) on June 15^th.

As for the company’s standalone business, Pachin achieved net profits after tax of EGP 3.847 million during the nine-month period of FY 2022/2023, versus net losses of EGP 1.039 million in the same period of FY 2021/2022.

In May, Dubai-based National Paints Holding (NPH) acquired an 81% stake in Pachin.

Established in 1958, Pachin is a pioneer in the Egyptian industry of paints and printing inks. The company has strategic alliances with AkzoNobel, the world's leader in the paints industry, and NovaColor, a first-class Italian manufacturer of decorative products.

Kahira pharmaceutical's profits jump 248% in 9 months Updated 5/2/2024 9:20:00 AM

Canal Shipping posts 165% YoY profit hike in 9 months Updated 5/1/2024 9:51:00 AM

Credit Agricole Egypt’s Q1 consolidated profit jumps 87.05% YoY Updated 5/1/2024 9:28:00 AM

Egypt Aluminum’s profits hike 33% YoY in 9 months Updated 4/30/2024 9:42:00 AM

AMOC’s consolidated profit surges 19% YoY in 9 months Updated 4/29/2024 9:31:00 AM