Egypt's Delta Sugar swings to profits in 9M initial financials

In the first half (H1) of 2021, the company reported net profits of $21.90mln

  
Traders work at the Egyptian stock exchange in Cairo, March 12, 2015.

Traders work at the Egyptian stock exchange in Cairo, March 12, 2015.

REUTERS/Mohamed Abd El Ghany
Cairo –  Delta Sugar turned to net profits of EGP 411.6 million in the first nine months of 2021, against net losses of EGP 62.25 million in the prior-year period, the unaudited financial results showed.

The sales increased to EGP 2.49 billion in the January-September period of 2021, compared to EGP 2.26 billion in the corresponding period a year earlier, the company said in a bourse disclosure on Monday.

In the first half (H1) of 2021, the company reported net profits of EGP 343.89 million, up from EGP 52.13 million in H1-20.

Source: Mubasher

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