Misr Chemical Industries reports jump in earnings due to COVID-19 – ZAWYA

Misr Chemical Industries reports jump in earnings due to COVID-19 – ZAWYA

Misr Chemical Industries reports jump in earnings due to COVID-19 | ZAWYA MENA Edition HomeMarketsEquitiesArticleMisr Chemical Industries reports jump in earnings due to COVID-19 MCI is one of the few companies to have reaped the economic benefits of the pandemic    Caustic soda and chlorine producer Misr Chemical Industries (MCI) has reported a significant jump in earnings on the back of the novel coronavirus (COVID-19) pandemic.The company posted profits of EGP 26m for the two-month period over April and May 2020, compared to the EGP 7m reported in the same two month period of 2019.MCI is one of the few companies to have reaped the economic benefits of the pandemic. Demand for caustic soda and chlorine has surged due to the increased focus on hygiene and sanitisation.The company posted profits of EGP 26m for the two-month period over April and May 2020, compared to the EGP 7m reported in the same two month period of 2019.Caustic soda and chlorine producer Misr Chemical Industries (MCI) has reported a significant jump in earnings on the back of the novel coronavirus (COVID-19) pandemic.MCI is one of the few companies to have reaped the economic benefits of the pandemic. Demand for caustic soda and