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Abu Qir’s profits surpass EGP 3 billion

Abu Qir Fertilizers & Chemical Industries Co. (AFC), Egypt, reported profits of EGP 3.2 billion during the first half of the current fiscal year, compared to a net profit of EGP 1.5 billion during the same period of the last fiscal year.

The company’s revenues increased during the first six months of the current fiscal year to reach EGP 6.2 billion, compared to total revenues of EGP 4 billion during the same period of the previous fiscal year.

AFC’s net profit before tax amounted to EGP 4.1 billion during the first half of the current fiscal year, compared to EGP 1.7 billion during the first half of the 2020-2021 fiscal year.