Arab Finance: Abu Qir Fertilizers and Chemicals Industries Company (ABUK) registered a 4.32% year-on-year (YoY) downtick in net profits after tax during the fiscal year (FY) 2023/2024, the company’s financial indicators showed.

The company recorded net profits after tax of EGP 13.496 billion last FY, down from EGP 14.105 billion in the prior year.

Similarly, revenues fell 14.06% YoY to EGP 18.528 billion from EGP 21.558 billion.

Abu Qir Fertilizers is an Egypt-based company engaged in the agricultural chemicals sector. The company focuses on the production, distribution, and export of fertilizers, chemicals, and related products.

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