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Abu Qir Fertilizers to report strong results in 1Q FY21

The company’s top-line is estimated to come in at EGP 2.069bn, reflecting unchanged results quarter-on-quarter (q-o-q), but a rise of 4% year-on-year (y-o-y). Gross margins are set to register 43.6%, reflecting a rise of 10.9% q-o-q and 6.1% y-o-y.

Alyaa Stohy

Delta Sugar posts losses in Q3 of 2020 due to weak demand

The company’s gross margin plummeted to -17.0% versus 23.3% and 2.6% in Q2 of 2020 and Q3 of 2019, respectively. It also recorded a net loss of EGP 114.4m during the quarter, compared to a profit of EGP 170.9m during Q2 of 2020, and losses of EGP 57.5m in Q3 of 2019.

Alyaa Stohy

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