Misr Chemical Industries Co. reported earnings results for the first quarter of fiscal 2015. For the quarter, the company's net profit fall 21.14% to EGP 9.7 million.

The decline reflects a rise in the prices of raw materials. The latter resulted in narrowing the gross profit margin to 32.05% from 37.8% for the corresponding three months of the prior year. Revenue grew 4.55% on the year to EGP 48.25 million.