ArabFinance: Delta Sugar (SUGR) incurred a net loss of EGP 118.780 million in Quarter 1 (Q1) of 2020, according to the company’s May 21st statement filed to the Egyptian Exchange.
Nevertheless, it posted a net profit of EGP 70.490 million in Q1 of 2019.
The company decided to distribute dividends cash dividends of EGP 2.5 per share totalling EGP 710,990,375.
Delta Sugar is an Egypt-based shareholding company that operates in the food processing industry sector. The company is engaged in the manufacture of white sugar and related products.It operates one factory, which produces over than 270,000 tons of white sugar annually.