ArabFinance: El Dawlia Fertilizers and Chemicals (ICFC) reported a 346% Year on Year rise in its net profit in the first half (H1) of 2020, according to the company’s August 13th financial statements filed to the Egyptian Exchange.
Net profit stood at EGP 4,427,742 in H1 of 2020, compared to EGP 992,210 achieved in H1 2019.
On March 30th, the ordinary general meeting annulled the general assembly's resolution that took place in March 2019, to distribute one free share for every 6 original shares at the par value of EGP 2 per share, totalling EGP 7.5 million.
It was founded in 2001 as a joint-stock company specialized in blended fertilizer industry Phosphate and soluble fertilizers were added to help support the fertilizers industry, agriculture and develop this industry in Egypt.
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