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 billion in total revenues in FY21/22, according to a bourse disclosure on Sunday.

During the first nine months of FY20/21, Abu Qir Fertilizers reported net profits of EGP 2.44 billion, up from EGP 2.13 billion in the year-ago period.