Abou Kir Fertilizers (ABUK)

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News

3 February 2019 11:48 AM Abu Qir Fertilizers profit up 32% in 6M

Cairo – Mubasher: Abu Qir Fertilizers and Chemicals Company on Sunday posted a 32.4% year-on-year increase in profits for the first half of fiscal year 2018/2019. Net profits amounted to EGP 1.65 billion in the six-month period ended December, …

Financial Results

17 January 2019 01:28 PM Egypt gov't to commence IPO programme in March

Cairo — Mubasher: Egypt's state-run initial public offering (IPO) programme is to be begun next March, a government official at the committee responsible for the IPO scheme said. The committee, in collaboration with investment banks participating …

Macroeconomics

16 January 2019 06:19 PM EGX may remove 8 stocks from benchmark – Beltone Research

Cairo – Mubasher: A group of eight companies are expected to be removed from the Egyptian Exchange's (EGX) benchmark EGX30 index for not meeting the trading value and cash outflows requirements, according to a report released on Wednesday by …

Market News

4 November 2018 00:37 PM Abu Qir Fertilizers Q1 profit hikes 61%

Cairo – Mubasher: Abu Qir Fertilizers and Chemicals Company on Sunday posted a 61% year-on-year surge in profits for the first quarter of fiscal year (FY) 2018/2019. Net profits amounted to EGP 752.8 million in the three-month period ended …

Financial Results

28 August 2018 00:04 PM Abu Qir proposes EGP 1.1/shr dividends for FY17/18

Cairo – Mubasher: The board of Abu Qir Fertilizers recommended a cash dividend distribution of EGP 1.1 per share to shareholders for fiscal year 2017/2018. The dividends will be paid based on an increase in shares by 1.26 billion shares, versus …

Corporate Actions

5 August 2018 01:31 PM Abu Qir Fertilizers select banking consortium for EGP 600m loan

Cairo – Mubasher: Abu Qir Fertilizers has announced that it will choose a banking consortium to secure an EGP 600 million facility during the coming period to finance the nitric and acids project. The first consortium is led by the National Bank …

Companies Investments

11 June 2018 00:50 PM Abu Qir to boost fertiliser unit’s efficiency at EUR 80m

Cairo – Mubasher: The board of Abu Qir Fertilizers has approved to start conducting the required studies for boosting the efficiency of the mixed fertilisers’ unit at an estimated cost of EUR 80 million. The board has agreed to assign Ahmed Al …

Companies Investments

11 June 2018 00:20 PM Abu Qir eyes EGP 1.8bn profits in FY18/19

Cairo – Mubasher: The board of Abu Qir Fertilizers has approved the budget scheme for fiscal year 2018/2019, with targeted profits of EGP 1.8 billion. The fertilisers producer aims to achieve revenues of around EGP 6.79 billion and sales of EGP …

Financial Results

16 May 2018 00:58 PM Abu Qir mandates bank consortium to manage EUR 105m financing

Cairo – Mubasher: Abu Qir Fertilizers on Wednesday announced that its board has decided to assign the financing of the nitric acid project with EUR 105 million to a three-bank consortium of National Bank of Egypt (NBE), Banque Misr, and Qatar …

Banking and Finance

15 April 2018 11:39 AM Abu Qir Fertilizers profit rises 10% in 9M

Cairo – Mubasher: The financial indicators of Abu Qir Fertilizers showed a 10% year-on-year surge in profits for the nine months ended March 2018. The Egyptian fertilisers producer had achieved EGP 1.95 billion in profits during the first …

Financial Results

22 January 2018 04:29 PM Pharos maintains Equalweight on Abu Qir Fertilizers

Cairo – Mubasher: Pharos Research has maintained their 'Equalweight' recommendation for Abu Qir Fertilizers on a fair value (FV) of EGP 25, according to a recent report on Monday. Abu Qir's revenues rose by 48% quarter-on-quarter and 56% …

Stock Evaluations

22 January 2018 00:15 PM Abu Qir Fertilizers profits rise 14% in 2017

Cairo – Mubasher: Abu Qir Fertilizers on Monday reported a 14% year-on-year surge in profits for 2017 due to a growth in revenues. Net profit amounted to EGP 1.24 billion in 2017, compared to EGP 1.09 billion a year earlier, the company said in a …

Financial Results

21 November 2017 04:07 PM MubasherTrade sets 2 scenarios for EGX30 composition

Cairo – Mubasher: MubasherTrade Research has put two scenarios for the Egyptian Exchange’s (EGX) main index EGX30 composition after acquiring Global Telecom. The Financial Regulatory Authority (FRA) had previously said that a mandatory tender …

Stock Evaluations

12 November 2017 11:16 AM High revenues boost Abu Qir Q1 profits 94%

Cairo - Mubasher: Abu Qir Fertilizers on Sunday posted a year-on-year 94% increase in profits in the first quarter of the fiscal year 2017/2018 due to revenue growth. The company achieved profits of EGP 467.11 million in the first quarter of its …

Financial Results

28 August 2017 01:24 PM Abu Qir suggests cash dividend distribution of EGP 10.5/shr for FY16/17

Cairo – Mubasher: Abu Qir Fertilizers’ board of directors proposed the distribution of a cash dividend for fiscal year ended June 2017, equivalent to EGP 10.5 per share.   The Egyptian firm announced that shareholders’ share of profits of FY16/17 …

Board of Directors

31 July 2017 01:27 PM Abu Qir Fertilizers annual profits jump 119%

Cairo – Mubasher: Abu Qir Fertilizers on Monday posted a 119% year-on-year hike in profits for fiscal year 2016/2017 on foreign exchange gains, according to a bourse filing. The firm achieved a net profit of EGP 2.23 billion in the fiscal year …

Financial Results

18 May 2017 11:02 AM Abu Qir Fertilizers OGM approves capital hike via bonus shares

Cairo – Mubasher: Abu Qir Fertilizers’ ordinary general meeting (OGM) has approved to raise the issued and paid-up capital from EGP 1.26 billion to EGP 1.89 billion via distributing 0.5 bonus share for each ordinary share. The OGM also agreed to …

General Assembly

23 April 2017 00:36 PM Abu Qir Fertilizers board decides to raise capital

Cairo – Mubasher: Abu Qir Fertilizers’ board of directors has approved to increase the issued and paid-up capital from EGP 1.26 billion to EGP 1.89 billion through distributing 0.5-for-1 bonus shares. The board also agreed to raise the authorised …

Corporate Actions

23 April 2017 00:24 PM Abu Qir Fertilizers posts higher profits in Q3

Cairo – Mubasher: Abu Qir Fertilizers posted a 152.7% year-on-year rise in its profits during the third quarter of fiscal year 2016/2017, according to a bourse statement. Profits reached EGP 680 million in the three-month period ended 31 March …

Financial Results

9 April 2017 00:43 PM Abu Qir Fertilizers approves capital increase, defers stock split

Cairo – Mubasher: Abu Qir Fertilizers’ board approved on Sunday a capital increase through distributing 0.5 bonus share for each ordinary share, according to the company’s statement to the Egyptian Exchange (EGX). The board also decided to …

Cash Dividends

9 April 2017 11:38 AM Abu Qir raises profit target to EGP 896.8m in FY16/17

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 …

Financial Results

5 April 2017 01:56 PM Abu Qir Fertilizers rises to 18M high on Wednesday

Cairo – Mubasher: Abu Qir Fertilizers' stock went up to its highest level in 18 months, or since October 2015, coinciding with a capital increase through the distribution of bonus shares and splitting the stock. By 12:51pm Cairo time on Wednesday, …

Trading Activities

5 April 2017 11:27 AM Abu Qir Fertilizers to discuss capital hike, stock split Thursday

Cairo – Mubasher: Abu Qir Fertilizers' board of directors will meet on Thursday, 6 April, to discuss raising the capital via distributing 0.5-for-1 bonus shares, the company said on Wednesday. The board will also discuss splitting the nominal …

Event

14 February 2017 11:54 AM Abu Qir Fertilizers stock hits 1-year high

Cairo – Mubasher: Abu Qir Fertilizers’ stock reached its highest level since 10 March 2016 in Tuesday’s early trading. By 10:40am Cairo time, the stock rose 10.22% to EGP 121, with a turnover of EGP 3.49 million.

Trading Activities

13 February 2017 11:54 AM Abu Qir Fertilizers expects 150% rise in profits

Cairo – Mubasher: Abu Qir Fertilizers said Monday that it expects an increase of 150% in the company’s profits this year, after the cabinet’s decision to export 45% of the production of fertilisers firms. The company also forecasted higher …

Corporate Actions