Cairo - Mubasher: The financial statements of Egyptian Chemical Industries (Kima) showed a surge in profits by 130% for fiscal year 2016/2017 on the back of a rise in sales.
Profits amounted to EGP 231.3 million between July 2016 and June 2017, compared to EGP 100.5 million for the same period in the year before, the company said in a statement to the Egyptian Exchange (EGX) on Sunday.
The company’s sales grew to EGP 619.4 million in FY16/17 compared to EGP 288.3 million in the previous year, according to the bourse filing.
