SNG: Egypt: MOPCO plans to enhance operations due to rising tensions in Middle East

About this update from Misr Fertilizers Production Company Mopco

Staff WriterArab Finance: Misr Fertilizers Production Company (MOPCO) has decided to implement an intensive maintenance plan to improve operating conditions, according to a bourse filing.The company attributed the decision to the war in the Middle East and its impact on natural gas supplies to the factories.MOPCO will announce any material updates in due time to adhere to the disclosure rules for listed companies in the Egyptian Exchange (EGX).In the first quarter (Q1) of 2025, the company’s net profits after tax fell by 63% year-on-year (YoY) to EGP 2.813 billion from EGP 7.648 billion.© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

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