Arab Finance: Abu Qir Fertilizers and Chemicals Industries Company (ABUK) posted a 3.9% year-on-year (YoY) decline in net profits after tax during the fiscal year (FY) 2023/2024, according to the audited financial statement.

The company recorded net profits after tax of EGP 13.478 billion last FY, down from EGP 14.02 billion in the prior year.

Similarly, operating revenues fell to EGP 18.528 billion from EGP 21.657 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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