Arab Finance: Misr Chemical Industries Company’s (MICH) net profits after tax rose 16.3% year on year (YoY) in the first nine months of fiscal year (FY) 2023/2024, according to a statement released on May 14^th.

The firm earned EGP 506.545 million in net profits during the nine months to March 31^st, compared to EGP 435.666 million over the same period a year ago.

Meanwhile, net sales fell to EGP 655.17 million from EGP 676.587 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.

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