Misr Chemical Industries

Established in 1959, Misr Chemicals Company [MICH] is a leading local producer of chemicals with a dominant 40% share in the Egyptian chemicals market. The company.s principal products are Liquid Caustic Soda and Flakes, and Chlorine gas and its derivates (Liquid chlorine, Hydrochloric acid and sodium hypochloride). Caustic soda (liquid and flakes) and Chlorine gas account for the bulk of the company.s revenues with respective shares of 56% and 42%. The company.s primary clients include water companies in the grand share of Egypt.s governorates, soap and detergent companies, as well as sugar and pharmaceutical companies. The company is located in El-Max District, Alexandria, and is a subsidiary of Chemical Industries Holding Company Financial Performance:
At the end of June 2013 MCI reported final results for 2013, posting a 30.8% YoY increase in net profit to EGP62.33mn in 2013 vs.
47.64mn in 2012. The chemicals producer had previously targeted EGP 53.6million for 2013. On a quarterly basis, net profit increased 44%
to EGP 18.1mn in Q42013 vs. EGP12.5mn in 3Q13. The financial results of the period from Dec12 to Mar 13 reflected EGP 7.5 million net
profits, compared with EGP 9.4 million in the year-ago period.