Cairo - Mubasher: Kafr El Zayat Pesticides reported a growth in profits in the fourth quarter of 2016 by 80.5% year-on-year, as shown by the company’s initial financial results.
According to the company’s statement to the Egyptian Exchange (EGX) on Thursday, profits totalled EGP 19.06 million in Q4-16 compared with EGP 10.56 million in Q4-15.
Annual profits increased by 83.5% in 2016 to EGP 56.46 million up from EGP 30.76 million in the year before.
Kafr El Zayat Pesticides indicated in a separate statement that FX losses totalled EGP 4 million.
