REUTERS - Petrochemicals factories
CAIRO - 30 September 2018: Abu Qir Fertilizers and Chemicals has achieved total revenues of LE 8.3 billion, as its market value at the stock exchange soared from LE 8.5 billion in March 2017 to a current LE 40 billion.
The figures were announced at the ordinary General Assembly of the company in the presence of Petroleum Minister Tarek El Molla, who also inspected the Alexandria-based plants of the company.
A 1.1 pound cash flow per share was agreed to be disbursed by the assembly.
According to a statement released by the Petroleum Ministry on Sunday, the company exported fertilizers worth $259 million.
The board eyes more production for the local market and export with renovations and new projects are implemented as scheduled, Chairman Saad Abul-Ma'aty said in the statement.
Leave a Comment