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Abu Qir Fertilizer Company's Revenues Hit EGP8.3 Bln
Source: 9/30/2018

Abu Qir Fertilizers and Chemicals has achieved total revenues of EGP 8.3 billion, as its market value at the stock exchange soared from EGP 8.5 billion in March 2017 to a current EGP 40 billion.

The figures were announced at the ordinary General Assembly of the company in the presence of Petroleum Minister Tarek El Molla, who also inspected the Alexandria-based plants of the company.

A 1.1 pound cash flow per share was agreed to be disbursed by the assembly. According to a statement released by the Petroleum Ministry , the company exported fertilizers worth $259 million.

The board eyes more production for the local market and export with renovations and new projects are implemented as scheduled, Chairman Saad Abul-Ma'aty said in the statement.

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