ArabFinance: Kafr el Zayat Pesticides and Chemicals Company (KZPC) posted a 48% Year on Year climb in its standalone net profit for the first half (H1) of 2020, according to the company’s August 12th financial statements filed to the Egyptian Exchange.
Standalone net profit reached EGP 33,559,278, a 48% climb from EGP 22,717,950 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.
