Sunday 23/Feb/2025 – 10:43 AM
The board of directors of Abu Qir Fertilizer Company decided to form a committee to conduct the company’s business after the death of Eng. Abed Ezz Al -Rijal, Chairman of the Board of Directors of the company and former Chairman of the General Petroleum Corporation, headed by Eng. Hani Dahi, former Minister of Transport and the current member of the Board of Directors.
According to the disclosure of the stock exchange, the Business Running Committee included in its membership, Eng. Salah Awad, a member of the Board of Directors, the boring of the Egyptian General Petroleum Authority, and the accountant, Imad Al -Din Mustafa, a member of the Board of Directors, representative of the Holding Company for Chemical Industries.
Net profits of Abu Qir Fertilizer Company
Abu Qir Fertilizer and Chemical Industries Company announced the death of Abed Ezz Al -Rijal Abdel -Al, Chairman and Managing Director of the company.
And Abu Qir Fertilizer and Chemical Industries Company achieved an independent net profit of 4.44 billion pounds from July to December 2024, compared to 3.97 billion pounds during the comparative period of last fiscal year.
The company’s revenues increased during the first half of the current fiscal year to 10.24 billion pounds, compared to 8.61 billion pounds during the comparative half of the last fiscal year.
The company attributed the growth of mid -profits to the high value of sales as a result of increasing the average export prices in the pound and the selling prices in the free local market, in addition to the marketing and sales strategy of the company and the management of the financial portfolio well.
