Latest in Tag: Kima Highlight

Latest in Tag: Kima

KIMA boosts profits to EGP 17.4m supported by increased revenues

The Egyptian Chemical Industries Company (KIMA), a public business sector company, managed to raise its profits in the first quarter of the current fiscal year by 222%. The company said in a disclosure to the Egyptian Exchange on Monday that it realised profits of EGP 17.4m, versus EGP 7.8m in the same period last year. …

Daily News Egypt

KIMA pays Tecnomont EGP 1.3bn for planned Aswan expansion

Maher El-Abd, the head of investor relations in the Egyptian Chemical Industries Company (KIMA), said that the company has paid EGP 1.3bn by the end of 2016 to the Italian company Tecnomont. The money is meant to be spent on construction and operational processes to establish new production units, and carry out the rehabilitation of …

Mohamed Ahmed

KIMA builds $60m reserve to secure future payments to Tecnimont

The Egyptian Chemical Industries Company (KIMA) has managed to build a reserve of foreign cash worth $60m through exports. The reserve will be used to ensure that the company can fulfil its future payments to Italian company Tecnimont, which is establishing KIMA’s new ammonia plant and the project to rehabilitate factories to operate on natural …

Mohamed Ahmed

End of Section