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MOPCO's Standalone Profit Rises 29% in Q1-2021
2 years agoMisr
Fertilizers Production Co. (MOPCO) recorded standalone net profits of EGP
289.28 million in the first quarter (Q1) of 2021, up by 29% year-on-year (YoY)
from EGP 224.65 million, the unaudited financial results showed.
The sales increased to EGP 637.56 million in the January-March period, compared to EGP 561.02 million in the corresponding period a year earlier, the company said in a bourse disclosure on Monday.
In
2020, MOPCO posted consolidated net profits after taxes of EGP 2.48 billion, up
from EGP 1.64 billion a year earlier.
The
standalone net profits rose to EGP 1.14 billion last year, compared to EGP
830.42 million in 2019.
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