Egypt’s MOPCO profits rise by 57% in the second quarter of 2022 on an annual basis | latest news

The consolidated profits of the Misr Fertilizer Production Company “MOPCO” increased by 57.2% in the second quarter of 2022, to record 2.1 billion pounds, compared to 1.3 billion pounds in the comparable period last year.

The company’s net sales grew by more than 91% in the period from April to last July, to reach EGP 4.1 billion, compared to EGP 2.1 billion for the same period in 2021.

The net profit doubled during the first half of this year, to reach 4.55 billion pounds, compared to 2.1 billion pounds for the comparative half of last year.

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