Egyptian Chemical Industries (KIMA) reported an 118.7 per cent increase in its sales for the first half of the fiscal year 2016-2017 to reach LE263.7 million compared to 2015-2016. Meanwhile, imported fertilisersits profits jumped by 13.4 per cent. The improvement stemmed from the pound flotation which helped the company boost its local sales which became substitut imported fertiliser.Moreover, Kima’s forex gains sky rocketed by 1431 per cent Year on year reaching LE219.2 million in the first half of 2016-2017.
ِ
