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FRA approves Delta Sugar’s new activity

FRA approves Delta Sugar’s new activity

ArabFinance: The Financial Regulatory Authority (FRA) approved Delta Sugar’s (SUGR) decision of adding a new activity related to the company’s main purpose, according to the company’s filing to the Egyptian Exchange on March 15th.

The new activity is related to agricultural fertilizer and animal feed production.

The company turned to a net loss in 2020, suffering EGP 253.95 million, against a net profit of EGP 42.89 million in 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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