Cairo – Mubasher: Abu Qir Fertilizers and Chemicals Company expected its pre-tax profits to reach EGP 2.01 billion in fiscal year 2019/2020.
Sales and revenues are likely to register EGP 6.5 billion and EGP 7.07 billion, respectively, while expenses are forecast to stand at EGP 5.06 billion during the coming fiscal year, the company said in a statement to the Egyptian Exchange (EGX) on Tuesday.
During the first nine months of FY18/19, the Egyptian firm recorded a net profit of EGP 2.59 billion, rising by 33.41% year-on-year from EGP 1.94 billion.
