Egyptian Financial and Industrial Co (EFIC) and one of its subsidiaries made a pretax profit of £E 218.1 million in the first seven months of 2008, about three times as much as in the same period of 2007.
The company said in a statement £E 125.0 million of the profit came from Suez Fertilisers Co, which is 99.88 % owned by E
EFIC itself made £E 93.1 million, compared with 58.3 million in the same period of 2007.
About EFIC
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,
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