Cairo – Mubasher: The standalone net profits after tax of Misr Fertilizers Production Company (Mopco) hiked to EGP 5.15 billion in the first nine months (9M) of 2023 from EGP 3.65 billion in 9M-22.
The company reported sales amounting to EGP 4.20 billion in 9M-23, down year-on-year (YoY) from EGP 4.72 billion, according to the financial statements.
Basic and diluted earnings per share (EPS) hit EGP 22.48 in January-September 2023, versus EGP 15.95 a year earlier.
Total assets widened to EGP 15.37 billion in 9M-23 from EGP 13.83 billion at the end of year 2022.
Financials for Q3-23
In the third quarter (Q3) of 2023, Mopco posted non-consolidated net profits after tax valued at EGP 374.30 million, an annual plunge from EGP 796.42 million.
Sales dropped to EGP 1.08 billion as of 30 September 2023 from EGP 1.37 billion in Q3-22, while the basic EPS shrank to EGP 1.63 from EGP 3.48.
In the first half (H1) of 2023, the EGX-listed firm recorded a 67% YoY leap in standalone net profit after tax to EGP 4.77 billion, compared to EGP 2.85 billion.
