Mopco posts higher Q3 profits

Cairo – Mubasher: Misr Fertilizers Production Company's (Mopco) net profit for the third quarter of 2016 rose 20.3% year-on-year to EGP 81.3 million from EGP 67.6 million, unconsolidated results revealed on Sunday.

In the first nine months, the company registered EGP 459 million, higher 256.4% year-on-year from EGP 128.8 million.

In the first half, the company registered higher standalone and consolidated profits at EGP 377.7 million and EGP 404.2 million, as compared to the year-ago period.

The stock quote fell 0.12% to EGP 24.8 by 11:45am Cairo time on Sunday.   

Mubasher Contribution Time: 23-Oct-2016 10:43 (GMT)
Mubasher Last Update Time: 23-Oct-2016 10:43 (GMT)