Kima Egypt 6 months profits drop 12%

Egyptian Chemical Industries (KIMA) reported net profits of 25.6 million Egyptian pounds (US$3.2 million) for the first half of fiscal year 2015/2016, down 12% compared with  29.1 million pounds in the same period a year ago.

The company’s sales dropped to 120.6 million pounds from 153.5 million pounds in the first half of FY14/15.

Moreover, the company’s profits have increased 52% during the first quarter of FY 2015/16.