Abu Qir Fertilizers (ABUK)

Cairo – Mubasher: Abu Qir Fertilizers generated EGP 4.01 billion in net profit after tax during the first half (H1) of fiscal year (FY) 2023/2024, an annual drop of 43% from EGP 7.05 billion. The revenues shrank by 23.30% to EGP 8.62 billion in …

Cairo – Mubasher: Abu Qir Fertilizers logged net profits after tax valued at EGP 2.01 billion in the first quarter (Q1) of fiscal year (FY) 2023/2024, down 27.37% from EGP 2.77 billion a year earlier. Revenues plummeted by 9.62% year-on-year (YoY) …

Cairo – Mubasher: The shareholders of Abu Qir Fertilizers greenlighted a cash dividend of EGP 7 per share for fiscal year (FY) 2022/2023. The approved cash dividends will be distributed over three installments, according to a bourse filing. Abu …

Cairo – Mubasher: The net profits after tax of Abu Qir Fertilizers amounted to EGP 14.64 billion during fiscal year (FY) 2022/2023, higher by 61.70% year-on-year (YoY) than EGP 9.05 billion. The EGX-listed firm posted a 32.01% jump in sales to EGP …

Cairo – Mubasher: The board members of Abu Qir Fertilizers passed the capital budget for fiscal year (FY) 2023/2024 on 21 June, with targeted net profits before tax amounting to EGP 6.56 billion. The EGX-listed firm plans to generate total …

Cairo – Mubasher: Abu Qir Fertilizers announced the establishment of North Abu Qir for Agricultural Nutrients Company, with an authorised capital of EGP 10 billion and paid-up capital of EGP 1 billion. Tarek El-Molla, Egypt’s Minister of Petroleum …

Cairo – Mubasher: Abu Qir Fertilizers witnessed an annual hike of 86.07% in net profit after tax to EGP 12.95 billion during the first nine months (9M) of fiscal year (FY) 2022/2023, versus EGP 6.96 billion. The sales increased by 43.66% …

Cairo – Mubasher: Abu Qir Fertilizers achieved net profits after tax worth EGP 7.23 billion in the first half (H1) of fiscal year (FY) 2022/2023, higher by 125.86% than EGP 3.20 billion during the same period in the previous FY. The company …

Cairo – Mubasher: The net earnings of Abu Qir Fertilizers soared by 114.70% during the first quarter of fiscal year (FY) 2022/2023 to EGP 2.77 billion, compared to EGP 1.29 billion in the year-ago quarter. The company’s revenues reached EGP 4.79 …

Cairo – Mubasher: Abu Qir Fertilizers’ ordinary general meeting (OGM) has approved distributing EGP 3 per share in cash dividends to shareholders for fiscal year (FY) 2021/2022 through two batches. Valued at EGP 1 per share, the first batch of …

Cairo – Mubasher: Al Ahly Pharos Securities Brokerage said that Al Ahly Capital Holding Company has sold its entire stake in Abu Qir Fertilizers. Accordingly, Al Ahly Capital sold 52.8 million shares, representing 4.18% of its capital in Abu …

Cairo – Mubasher: The Sovereign Fund of Egypt (TSFE) said the Saudi Egyptian Investment Company (SEIC), wholly owned by Saudi’s Public Investment Fund (PIF), has acquired state-owned minority stakes in four Egyptian companies at a value of …

Cairo – Mubasher: Net profit after tax of Abu Qir Fertilizers hiked by 158% on an annual basis during fiscal year (FY) 2021/2022 ended on 30 June 2022 to reach EGP 9.05 billion, compared to EGP 3.52 billion a year earlier. The increase in profits …

Cairo – Mubasher: The board of Abu Qir Fertilizers has approved to proceed with the establishment of a company that will manage the project planned to be launched on the land area, owned by the Egyptian General Petroleum Corporation (EGPC). The …

Cairo – Mubasher: The net profits of Abu Qir Fertilizers jumped by 184.87% year-on-year (YoY) to EGP 6.96 billion in the first nine months (9M) of fiscal year (FY) 2021/2022 from EGP 2.44 billion, according to the company's initial financials. The …

Mubasher: ADQ, an Abu Dhabi-based investment and holding company, has entered into several transactions with listed companies in Egypt. ADQ has acquired stakes in Commercial International Bank (CIB), Fawry, Alexandria Container & Cargo Handling …

Cairo - Mubasher: The Egyptian ​Minister of Petroleum and Mineral Resources, Tarek El-Molla, has appointed Abed Ezz El Regal as the new Chairman and Managing Director of Abu Qir Fertilizers to replace Saad Ibrahim Abu Al Maati Hassan. El Regal was …

By: Heba El-Kordy Cairo – Mubasher: Companies operating in the production of iron, cement, and fertilisers disclosed to the Egyptian Exchange (EGX) the impact of the government's decision to increase natural gas prices for factories by about 28% …

Cairo – Mubasher: Abu Qir Fertilizers achieved net profits of EGP 1.289 billion in the first quarter (Q1) of fiscal year (FY) 2021/2022, an increase of 88% year-on-year (YoY) from EGP 686.5 million, the unaudited financial results showed.  The …

Cairo – Mubasher: The ordinary general meeting (OGM) of Abu Qir Fertilizers decided to raise the cash dividend for fiscal year (FY) 2020/2021 to EGP 1.3 per share, up from the board's proposal of EGP 1.2, according to a bourse disclosure on …

Cairo – Mubasher: The Egyptian Minister of Petroleum and Mineral Resources, Tarek El-Molla, witnessed the signing of a shareholder agreement for the establishment of Misr Methanol and Petrochemicals Company. Abu Qir Fertilizers and Helwan …

Cairo – Mubasher: The board of directors of Abu Qir Fertilizers recommended a cash dividend of EGP 1.5 billion or EGP 1.2 per share for the earnings of fiscal year (FY) 2020/2021.  No recommendations were made concerning the allocation of …

Cairo - Mubasher: Abu Qir Fertilizers logged net profits of EGP 3.51 billion in fiscal year (FY) 2020/2021, up by 30.47% year-on-year (YoY) from EGP 2.69 billion, the unaudited financial results showed.  Meanwhile, the revenues levelled up to EGP …

Cairo - Mubasher: The board of directors of Abu Qir Fertilizers approved the planned budget for the fiscal year (FY) 2021/2022.  The company targets to achieve EGP 2.11 billion in profits before taxes, EGP 6.44 billion in sales, and EGP 6.98 …

Cairo – Mubasher: Abu Qir Fertilizers decided to award Germany’s TKFT a contract to conduct technical studies for two months and half for the development of the granulation unit at Abu Qir Plant (3). The project will raise the production capacity …