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 revenues in 2017-2018 due to the floatation of the Egyptian pound and the increase in global fertilisers’ prices, according to a bourse filing.
In the first half of fiscal 2016/17, profits rose 115% to EGP 1.09 billion.
Source: Mubasher.info