Mopco’s net profit leaps by 95% YoY in Q1-24

Cairo – Mubasher: Misr Fertilizers Production Company (Mopco) recorded a 95% year-on-year (YoY) surge in net profit to EGP 7.64 billion in the first quarter (Q1) of 2024 from EGP 3.92 billion.

Sales skyrocketed by 220% to EGP 4.79 billion in Q1-24 from EGP 1.50 billion in Q1-23, according to unaudited financial results.

The earnings per share (EPS) leapt by 95% YoY to EGP 3.68 in the three-month period that ended on 31 March 2024 from EGP 1.89.

Mopco reported net profits of EGP 5.97 billion in 2023, an increase from EGP 3.83 billion in 2022.

Mubasher Contribution Time: 19-May-2024 12:47 (GMT)
Mubasher Last Update Time: 19-May-2024 13:50 (GMT)