
Kima will open EGP 11.6bn ammonia, urea production plant next month
Kima reported a 67.68% decline in its net profit for the fiscal year (FY) 2018/19 to EGP 32.33m, compared to EGP 100.05m in the corresponding FY.
Kima reported a 67.68% decline in its net profit for the fiscal year (FY) 2018/19 to EGP 32.33m, compared to EGP 100.05m in the corresponding FY.
Maher El-Abd, the head of investor relations in the Egyptian Chemical Industries Company (KIMA), said that the company has paid EGP 1.3bn by the end of 2016 to the Italian company Tecnomont. The money is meant to be spent on construction and operational processes to establish new production units, and carry out the rehabilitation of …