ArabFinance: The board of directors of Misr Chemical Industries Company (MICH) has approved the company’s financial statements and performance report for the period starting July 1st 2021 until February 28th 2022, the company revealed in a statement filed to the Egyptian Exchange (EGX) on March 31st.

The financial statements showed that the company has achieved a net profit of EGP 125.119 million in the first eight months of fiscal year (FY) 2021/2022, rising from EGP 101.343 million in the same period of FY 2020/2021.

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.