Arab Finance: Kafr El Zayat Pesticides and Chemicals (KZPC) reported 133% year-on-year growth in standalone net profits after tax for the first nine months of 2023 to EGP 163.792 million, versus EGP 70.267 million, according to the financial statement filed to the Egyptian Exchange (EGX) on November 15th.

The company registered standalone operating revenues of EGP 1.133 billion in the January-September period of 2023, up from EGP 704.102 million in the same period of last year.

Kafr el Zayat is an Egypt-based company that produces and sells formulations, such as pesticides, insecticides, fungicides, herbicides, rodenticides, and fertilizers to the agricultural and hygienic sectors in Egypt.

The company’s subsidiaries include Kafr el Zayat International for Pesticides and Chemicals, Organic Biotechnology company, and Chemi Company.

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