Tuesday, Nov 14, 2006

BEIRUT (Zawya Dow Jones)--Egypt's Abu Qir Fertilizers Co. said its first quarter net profit stood at 153.49 million Egyptian pounds ($26.78 million) compared with EGP152.92 million a year ago.

The company's financial year starts July 1.

The company had earlier reported a 29% surge in its full-year net profit, which reached EGP548 million in fiscal year 2005-2006 compared with EGP424.5 million a year ago.

-By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com

Copyright (c) 2006 ABQ Zawya Ltd.

(END) Dow Jones Newswires

11-14-06 0550ET