Cairo – Mubasher: Egyptian Chemical Industries (Kima) achieved net profits after tax standing at EGP 1.19 billion during fiscal year (FY) 2022/2023, up 83% year-on-year (YoY) from EGP 651.48 million.
Basic earnings per share (EPS) hiked by 90% to EGP 1 in the July 2022-June 2023 period from EGP 0.52 in FY21/22, according to the financial statements.
Kima posted a 49% YoY surge in revenue to EGP 6.61 billion during the 12-month period that ended on 30 June 2023, compared to EGP 4.44 billion.
In the first nine months (9M) of FY22/23, the EGX-listed firm generated 129% higher net profits after tax at EGP 1.10 billion, versus EGP 481.94 million in 9M-21/22.
Operating revenues enlarged by 65% to EGP 5.13 billion in 9M-22/23 from EGP 3.12 billion in 9M-21/22, while the EPS climbed to EGP 0.93 from EGP 0.40.
