EFIC H1 Net Profit Up by 69 %

Egyptian Financial and Industrial Company (EFIC) posted a £E 79.6 million of net pre-tax profit for the first half of 2008 representing a 69 % rise from last year’s profit of £E 47.1 million for the same period.

About Egyptian Financial & Industrial Co.

EFIC is an Egypt-based company involved in the production and marketing of phosphate fertilizer, sulfuric acid and other by-products through its two main plants at Kafr El Zayat Assuit, Egypt. EFIC exports its products to Europe, the Middle East, Africa, South America and Asia. EFIC's wholly owned subsidiary is Suez Fertilizers Industries Co.