The Egyptian Chemical Industries Company (KIMA) said that its Board of Directors approved the business indicator results during the first five months of the current fiscal year (FY) 2014/2015.
KIMA’s net profits over this period amounted to EGP 23.3m, compared to EGP 19m during the same period in FY 2013 /2014 with an increase rate of 22.5%, according to the company’s statement on Sunday.
KIMA’s net profits during first quarter (Q1) of the current fiscal year (FY) 2014-15 amounted to EGP 15.1m, compared to the first quarter of the previous fiscal year, which was EGP 7.8m with an increase of 93.5%.
The business indicators of Memphis Pharmaceutical and Chemical Industries (MPCI) showed high losses during the first five months of the current FY, amounting to EGP 10m in five months compared to EGP 2.13m during the same period in the last FY 2013/2014, an increase of 378%.
The results of the company’s business during the Q1 showed a net loss of EGP 6m, compared to a loss of EGP 89,000 during the same period in the FY 2013/2014.