Arab Finance: Misr Fertilizers Production Company (MOPCO) posted a year-on-year (YoY) surge of 93% in standalone net profit after tax for the first quarter (Q1) of 2023, according to the company’s standalone financial indicators filed to the Egyptian Exchange (EGX) on May 21^st.

The company recorded a standalone net profit after tax of EGP 3.928 billion in Q1 2023, compared to a profit of EGP 2.037 million in the corresponding three-month period last year.

However, MOPCO’s standalone net sales dropped 7% YoY to EGP 1.5 billion during the January-March of this year, compared to EGP 1.605 billion during the first three months of 2022.

MOPCO is an Egypt-based company that is engaged in the production, marketing, wholesaling, and distributing of fertilizers and petrochemical products. The company's various products include ammonia, urea, and nitrogen.

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