Egypt’s state-run Misr Chemical Industries Q1 profit ups to 29.4mn pounds

Egyptian state-owned Misr Chemical Industries Company’s first-quarter net profit after tax rose to 29.4 million Egyptian pounds ($1.6 million), the company said Sunday in a bourse filling.

Earlier, profit stood at 2.8‍​ million pounds during the first quarter of 2016.

Sales jumped to 87.3 million pounds from 36.1 million pounds last year.