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Delta Sugar turns to loss

Delta Sugar turns to loss

ArabFinanceDelta Sugar Company (SUGR) incurred a net loss after tax of EGP 62,253,815 in the first nine months of 2020, according to the company’s October 27th financial statements filed to the Egyptian Exchange.

In the first nine months of 2019, the company posted a net profit of EGP 153,538,716.

Delta Sugar will distribute a cash dividend of EGP 0.25 per share for the fiscal year 2019 on October 28th.

Delta Sugar is reportedly paying out a total of EGP 710.99 million worth of dividends for 2019.

Delta Sugar is an Egypt-based shareholding company that operates in the food processing industry sector. The company is engaged in the manufacture of white sugar and related products. It operates one factory, which produces over 270,000 tons of white sugar annually.

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