Rafah Crossing 'never been closed for one day' from Egypt: PM    Egypt will keep pushing for Gaza peace, aid: PM    Remittances from Egyptians abroad surge 70% YoY in July–May: CBE    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    Egypt's current account gap narrows, but overall BoP records deficit    Al-Sisi urges accelerated oil, gas discoveries, lower import bill    SCZONE signs $52.6m textile industry deals during China investment tour    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    EGX to close Thursday for July 23 Revolution holiday    Egypt, Senegal sign pharma MoU to unify regulatory standards    Famine kills more Gaza children as Israel tightens siege amid global outrage    Kuwait's Crown Prince, Egyptian minister discuss strengthening cooperation    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Egypt's FM seeks deeper economic, security ties on five-nation West Africa tour    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Abu Qir Fertilisers achieves EGP 8.3bn revenues in FY 2017/18
ABUK 's general assembly approved on Saturday, the distribution of EGP 1.1 cash coupon per shareholder.
Published in Daily News Egypt on 30 - 09 - 2018

Abu Qir Fertilisers (ABUK) achieved revenues worth EGP 8.3bn in fiscal year (FY) 2017/18, while the company's total market capitalisation reached EGP 40bn compared to EGP 8.5bn in March 2017, according to a press statement issued by the Ministry of Petroleum on Sunday.
ABUK 's general assembly approved on Saturday, the distribution of EGP 1.1 cash coupon per shareholder.
The Minister of Petroleum Tarek El-Molla said that the increase in the market cap of the company on the Egyptian Stock Exchange (EGX) reflects the extent of its performance and its promising investment opportunities, which supports the flow of capital and provides some of the financings of new projects implemented by the company.
In August, El-Molla announced that 30% of ABUK shares will be offered on the EGX, which represent 12.7% of the Industrial Development Authority's ownership, 8.1% of Al Ahly Capital Holding, 2.7% of the Egyptian Chemical Industries Company (KIMA), 1.5% of Chemical Industries Holding Company, and 5% of National Investment Bank.
According to the press statement, El-Molla emphasised the importance of the shareholder support to the company, which was very influential in giving the company the confidence to improve the quality and add new activities.
Moreover, Saad Abu El-Maaty, chairperson of ABUK said that the company the company succeeded in exporting fertilizers worth $259m.


Clic here to read the story from its source.