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Abu Qir Fertilizers profits slide 19% in 9m

Abu Qir Fertilizers profits slide 19% in 9m
Photo Credit: Arabianeye-Reuters
Abu Qir Fertilizers
ABUK
-4.50% 69.00 -3.25

Abu Qir Fertilizers Co. posted net profits of EGP 652.1 million in the nine-month period ended March 2015, compared to EGP 800.3 million for the same period of the previous year, a decline of 18.5%.

Meanwhile, the company's profits stood at EGP 404.1 million for the six-month period ended December 2014, down by 30.1% from the corresponding period of the previous year.

The company is capitalised at EGP 1.3 billion, distributed across 84.1 million shares at EGP 15 par value each.