MOPCO Q1 Profit Rises

About this update from Misr Fertilizers Production Company Mopco

MISR FERTILIZERS PRODUCTION COMPANY SAE EGX:MFPC:MOPCO Q1 NET PROFIT AFTER TAX EGP 5.28 BILLION VERSUS EGP 2.81 BILLION YEAR AGOMOPCO Q1 SALES EGP 8.18 BILLION VERSUS EGP 6.34 BILLION YEAR AGOMOPCO- Q1 SAW STABILITY OF NATURAL GAS SUPPLY AND ONGOING SUPPORT FROM MINISTRY OF PETROLEUM AND MINERAL RESOURCESMOPCO - Q1 SAW PRODUCTION RATES THAT EXCEEDED THE APPROVED PLANSMOPCO - REMAINS COMMITTED TO SUSTAINING THE OPERATION OF ITS PLANTS AND PRODUCTION SEGMENTS SAFELYMOPCO- MAINTAINED ITS FOCUS ON EXPANDING ITS OPERATION IN AFRICA, THE MIDDLE EAST AND EUROPEMOPCO - REMAINS COMMITTED TO SUPPLYING UREA QUOTAS ALLOCATED TO MINISTRY OF AGRICULTURE AND SUPPORTING EGYPTIAN DOMESTIC MARKETMOPCO - AMMONIA SALES ARE PRIORITIZED BASED ON AVAILABLE OPPORTUNITIES TO ACHIEVE THE HIGHEST POSSIBLE RETURNSMOPCO - CONTINUES TO EXPLORE INVESTMENT OPPORTUNITIES WITH ATTRACTIVE GROWTH POTENTIALMOPCO - DESPITE LOGISTICAL AND POLITICAL CHALLENGES, CO CONTINUES EFFORTS TO MAINTAIN ITS LEADERSHIP IN NITROGEN FERTILIZER INDUSTRYMOPCO - INTENSIFYING ITS EFFORTS TO ACHIEVE SUSTAINABLE AND DIVERSIFIED GROWTHMOPCO - CONDUCTED STUDIES ON A RANGE OF INTEGRATED PROJECTS AIMED AT INCREASING THE ADDED VALUE OF ITS PRODUCTSMOPCO - DIVERSIFIED ITS SALES CHANNELS TO OVERCOME REGIONAL LOGISTICAL CHALLENGES, WITH A NOTABLE INCREASE IN AMMONIA EXPORTSMOPCO- CONTINUOUS DEVELOPMENT PLANS AND AS PER APPROVED IMPLEMENTATION SCHEDULE FOR CARBON DIOXIDE RECOVERY PROJECT AND DEVELOPMENT OF UREA PLANTSMOPCO - DOMESTIC SALES ACCOUNTED FOR ABOUT 21.5% OF TOTAL SALES REVENUE BY END OF Q1MOPCO - EXPORT SALES ACCOUNTED FOR ABOUT 78.5% OF TOTAL SALES REVENUE BY END OF Q1

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