Cairo – Mubasher: Abu Qir Fertilizers amended its profit target for the budget of fiscal year 2016/2017 to EGP 896.8 million instead of EGP 642.09 million, according to the company’s statement to the Egyptian Exchange (EGX).
The company is targeting EGP 5.11 billion in revenues instead of EGP 3.6 billion and expects sales to reach EGP 3.46 billion in the same fiscal year.
Abu Qir's profits increased 115% in the first half of the current fiscal year to EGP 1.09 billion.
