Cairo – Mubasher: The consolidated net profits of Paint and Chemicals Industries (Pachin) leapt by 1,316% year-on-year (YoY) to EGP 35.4 million in the first half (H1) of fiscal year 2020/2021, compared to EGP 2.5 million, the unaudited financial results showed.
Pachin generated EGP 415 million in revenue in the July-December period of 2020, up from EGP 406.9 million in the corresponding period a year earlier, according to a bourse disclosure on Sunday.
As for standalone business, the company achieved net profits of EGP 2.3 million in H1 of FY20/21, up from EGP 1.6 million in the same period in FY19/20.
During the first quarter (Q1) of FY20/21, the company posted net profits of EGP 20.06 million, up from EGP 3.616 million in the year-ago period.
