Earnings Report /

Delta Sugar: Rising Commodities and FX Boost Profitability; Upgrade FV to EGP45.00

  • Molasses climbs to quarterly highs; Revenue growth supported by FX rate and commodities’ prices

  • USD-denominated revenues & EGP-denominated COGS boost margins; FX Gains drive bottom-line

  • Upgrade FV to EGP45.00/share and Overweight recommendation due to upcoming possible gains by seasonality

Marina William


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