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MOPCO's profits rise 16% year to date basis

MOPCO's profits rise 16% year to date basis

1 year ago

The Standalone financial statements of Misr Fertilizer Production Company – MOPCO for the first half of this year revealed that the company's profits increased by 16% year to date.

The company stated in a statement, that it recorded a net profit of 655.49 million EGP from the beginning of January till the end of last June, in comparison to 565.38 million EGP for the same period last year.

The Company’s Standalone sales increased during the first six months of the current year to reach 1.64 Billion EGP in comparison to 1.17 Billion EGP for the same period of 2020.

MOPCO achieved a net profit of 792.66 Million EGP for the first quarter of the current year from the beginning of January till the end of last March, in comparison to a net profit of 533.6 Million EGP for the same period of 2020.

MOPCO’s Sales increased during those three months to reach 1.99 Billion EGP by the end of March 2021, in comparison to 1.8 Billion EGP during the first quarter of 2020.

MOPCO Standalone Financial Statements showed a net profit of 289.28 Million EGP since the beginning of January till the end of March 2021 in comparison to 224.65 Million EGP for the same period of year 2020.