Abu Qir Fertilizers Company Reports Unaudited Earnings Results for the Nine Months Ended March 31, 2020
Abu Qir Fertilizers Company reported unaudited earnings results for the nine months ended March 31, 2020. The unaudited financial results of the company posted an 18% year-on-year (YoY) profit drop during the first nine months of fiscal year 2019/2020. The company achieved net profits of EGP 2.135 billion from July 2019 to the end of last March, compared to EGP 2.59 billion in the prior-year period. In addition, the company's revenues retreated to EGP 5.808 billion in the nine-month period ended on 31 March, down from EGP 6.49 billion in the corresponding period a year earlier.