Arab Finance: The company's business results showed Abu Qir Fertilizers and Chemical Industries (ABUK)unaudited for the financial period ending on September 30, 2024, achieving a net profit amounting to 1,284,321,886 pounds, compared to profits amounting to 1,986,611,843 pounds during the comparative period of the previous fiscal year, according to statement Egyptian Stock Exchange.
On the approval of the Board of Directors, held on 07/31/2024, on the unaudited business results indicators for the period ending on 30/06/2024which showed achieving a net profit of 13.495 billion pounds, compared to a net profit of 14.104 billion pounds for the same period of the previous year, a decline of 4.32%.
The company's activity consists of manufacturing all types of fertilizers, chemicals, and other materials related to them, derived from them, or necessary for their manufacture, packaging, buying and selling inside and outside Egypt, and undertaking all operations and activities related, personally or through an intermediary, to the aforementioned purpose. Abu Qir Fertilizers and Chemical Industries Company is one of the largest producers of nitrogen fertilizers in Egypt and the Middle East. It produces about 50% of the total Egyptian nitrogen fertilizers, and is considered one of the leading companies in the field of manufacturing nitrogen fertilizers, chemical materials and fertilizers, and materials related to them or derived from them necessary for their manufacture, packaging and purchase. Selling and trading in it inside and outside Egypt. The company owns 3 factories that produce ammonia, regular and special urea, ammonia nitrate, and liquid fertilizer.
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