Arab Finance: Indicators of the company's unaudited business results showed Misr Chemicals Industry (MICH)For the period ending on 12/31/2024, achieving a net profit of 314.081 million pounds, compared to a net profit of 281.135 million pounds during the comparative period of the fiscal year preceding the aforementioned period, according to statement Egyptian Stock Exchange.
The company attributed the increase in profits to the following reasons: –
– Increased selling prices of some products.
– Increase financial investment revenues.
Regarding business results during the financial period from 07-1-2024 to 11-30-2024, achieving a net profit of 264.248 million pounds, compared to a net profit of 241.210 million pounds targeted for the financial period, according to the Egyptian Stock Exchange statement.
The company attributed the increase in product selling prices and the increase in financial investment revenues.
The company was established in 1959. The company's goal is to produce, sell, and trade all types of chemicals, such as caustic soda, chlorine gas, and hydrogen gas. The company's products are used in many industries, including spinning and weaving, detergents, mining, petrochemicals, medicines, pesticides, fertilizers, water purification, and electricity generation. The company also provides all services and consultations related to the technological and technical aspects of complementary activities related to the company’s activity.
Related news
