Helwan Fertilizers Sets a New Sales Record Amidst Market Turbulence

Helwan Fertilizers Company has emerged victorious, posting a remarkable gross profit of $105.2 million for the fiscal year ending 2024, despite an array of operational challenges and a fluctuating market environment. This announcement was made during the company’s General Assembly, presided over by Chairman Engineer Hassan Abdel-Alim, with key stakeholders and the Central Auditing Organization in attendance.

Engineer Hassan Abdel-Alim highlighted the company’s impressive financial performance, which saw a net profit of $80.5 million, surpassing the targeted $75.7 million outlined in the 2024 planning budget. This achievement comes despite significant pressures from rising inflation and unstable natural gas supplies, which have posed considerable challenges to production processes.In a strategic move, Helwan Fertilizers turned operational downtime into an opportunity for essential maintenance and equipment upgrades. This proactive approach not only ensured operational continuity but also led to increased production rates exceeding initial forecasts.

A commitment to supporting Egyptian agriculture remains at the heart of Helwan Fertilizers’ mission. The company supplied an impressive 4.3 million sacks of urea to Egyptian farmers at subsidized prices, unchanged since November 2021. This decision, although financially challenging, reflects the company’s dedication to aiding local farmers despite the disparity between selling prices and actual costs.

Moreover, Helwan Fertilizers has diversified its product offerings, producing industrial-grade urea marketed in European and Latin American markets. This strategic diversification has allowed the company to capitalize on higher market prices for industrial urea, bolstering profitability despite challenging economic conditions.

The achievements of Helwan Fertilizers were made possible by decisive leadership, the commitment of its Board of Directors, and the unwavering efforts of its employees. As the company looks to the future, its focus remains on increasing production capacity and exploring new market opportunities.

The success of Helwan Fertilizers amidst global and local economic challenges signals a promising future for the company, reinforcing its position as a leader in the fertilizer industry and a steadfast supporter of Egyptian agriculture.