Abu Qir Fertilizers

Follow

The USD remained on the defensive yesterday and recorded its third consecutive day of losses. The ministry added that this was despite there being sufficient funds in Mali’s public Treasury. Until recently, Egypt’s debt maturity profile had been even...

Wall Street posted another stellar session overnight, unwinding more of the losses sustained earlier in the month. Whether that be a response to the financial market volatility sparked or merely softer views within the Fed remain to be seen. For now,...

In a move to narrow the gap between local quota fertilizer prices and international pries, nitrogenous fertilizer producers are now required to supply 55% of their production to the Ministry of Agriculture, a percentage equivalent to about 3.7 millio...

ABUK reported 1Q21/22 sales of EGP 2,655 million (+52% YoY, + 5%QoQ). ABUK’s 1Q21/22 bottom-line hit EGP 1,290 million (+ 88% YoY, +20% qOq), implying an NPM of 48.6% versus 4Q20/21’s figure of EGP1,071 million with a margin of 42.3% and 1Q20/21’s EG...

Just as the pandemic dragged Urea prices in early 2020, it appears to have completely turned a corner and grew into a contributor to the rally, albeit in an implicit way as prices hit (USD950/ ton in Egypt, USD875/ton in Europe, USD750/ton in North A...

FY20/21 sales came in at EGP8,839 million (+12% YoY), while the year’s gross profit recorded EGP3,907 million (+36% YoY), implying a GPM of 44.2%. FY20/21 bottom line recorded EGP3,516 million (+30% YoY), implying an NPM of 39.8%. The company is also...