ArabFinance: Kafr el Zayat Pesticides and Chemicals Company (KZPC) posted a 198% Year on Year increase in its consolidated net profit for Quarter one (Q1) of 2020, according to the company’s June 2nd financial statements filed to the Egyptian Exchange.
Consolidated net profit reached EGP 26,394,846 in Q1 2020, compared to EGP 8,856,659 in Q1 2019.
In the same quarter, 
standalone net profit reached EGP 26,110,047, a 211% climb from EGP 8,396,730 achieved in Q1 2019.
The company distributed cash dividends of EGP 1.50 per share on April 30th to the shareholders recorded on April 27th.
KZPC 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.
