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Delta Sugar reports 560% profit leap in H1 2021

Delta Sugar reports 560% profit leap in H1 2021

ArabFinance: Delta Sugar (SUGR)  posted a net profit of EGP 343.892 million in half one (H1) 2021, according to the company’s statement filed to the Egyptian Exchange.

This marked a Year on Year leap of 560% when compared to EGP 52.138 million in H1 2020.

The sugar company aimed to increase its factory capacity of sugar beet to 21,000 tons from 14,000 tons per day, the company Chairman and Managing Director Ahmed Abu Al-Yazid said.

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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