Abu Qir Fertilizers’ Egypt profits soar 125.8% YoY in 6 months

Revenues grew to EGP 11.23 billion in H1 FY 2022/2023 from EGP 6.25 billion in the corresponding period of the FY earlier

Staff Writer, Arab Finance

January 30, 2023

EGYPT MANUFACTURING

PHOTO

Abu Qir Fertilizers and Chemicals Industries Company (ABUK) reported a 125.86% year-on-year (YoY) surge in net profit after tax in the first half (H1) of fiscal year (FY) 2022/2023, according to the unaudited financial statement filed to the Egyptian Exchange (EGX) on January 29th.

The company recorded a net profit after tax of EGP 7.23 billion in the six-month period ended December 31st, 2022, compared to a profit of EGP 3.20 billion in the same period of 2021.

Revenues grew to EGP 11.23 billion in H1 FY 2022/2023 from EGP 6.25 billion in the corresponding period of the FY earlier.

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