Delta Sugar’s unaudited profits hike 321% YoY in Q1: Egypt

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Delta Sugar is an Egypt-based shareholding company that operates in the food processing industry sector

Staff Writer, Arab Finance

May 1, 2023

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Delta Sugar Company’s net profits after tax and non-controlling interest soared 321% year on year (YoY) in the first quarter (Q1) of 2023, the company’s unaudited financial indicators showed on April 30th.

Net profits rose to EGP 323.786 million in the January-March period of this year from EGP 76.818 million in the prior-year period.

As for revenues, the company garnered EGP 773.483 million in Q1 2023, up 29% from EGP 601.312 in the same quarter of last year.

Delta Sugar is an Egypt-based shareholding company that operates in the food processing industry sector.

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