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Misr Chemical Industries reports 45.9% YoY growth in net profits in 11 months

Misr Chemical Industries reports 45.9% YoY growth in net profits in 11 months

Arab FinanceMisr Chemical Industries Company (MICH) reported a 45.9% year-on-year (YoY) increase in net profits for the first 11-month period of fiscal year (FY) 2021/2022, according to a statement filed to the Egyptian Exchange (EGX) on June 23rd.

Net profits amounted to EGP 188.83 million in the period from July 2021 until May 31st 2022, compared to profits of EGP 129.402 million in the same period of FY 2020/2021.

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.

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