Cairo – Mubasher: Misr Fertilizers Production Company (Mopco) reported an 84% year-on-year (YoY) leap in its consolidated net profits, logging EGP 2.17 billion in the first half (H1) of 2021, compared to EGP 1.18 billion, the unaudited financial results showed.
The company's consolidated sales increased to EGP 4.18 billion in the January-June period from EGP 3.76 billion in the corresponding period a year earlier, according to a bourse disclosure on Thursday.
Earlier, Mopco reported its standalone net profits at EGP 655.49 million in H1-21, up from EGP 565.38 million in H1-20.
In the first quarter (Q1) of 2021, Mopco achieved consolidated net profits worth EGP 792.66 million, up from EGP 533.61 million in Q1-20, including minority interest.
Mopco posted standalone net profits of EGP 289.28 million in the January-March period, up from EGP 224.65 million in the year-ago period.
