News Details

Misr Chemical Industries (MICH.CA)’s 9M21/22 Net Profit rises 38%

26/05/2022

EGP mn

9M20/21

9M21/22

Change %

Revenues

356.0

399.1

12.1%

Gross Profit (Loss)

166.6

215.8

29.5%

GPM %

46.8%

54.1%

-

Net Profit (Loss)

107.6

148.4

38.0%

NPM %

30.2%

37.2%

-

Misr Chemical Industries (MICH.CA)’s 9M21/22 net profit recorded EGP 148.4mn marking 38% rise compared to EGP 107.6mn in 9M20/21. (Company’s Financial Statements). Analyst Comment: the improvement in the company’s bottom-line can be mainly explained by recording gross profit of EGP 215.8mn in 9M21/22 marking 29.5% rise compared to EGP 166.6mn in 9M20/21.

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