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El Dawlia’s net profit climbs by 816.5% YoY in 6 months

El Dawlia’s net profit climbs by 816.5% YoY in 6 months

Arab FinanceInternational Company for Fertilizers and Chemicals (El Dawlia) recorded an 816.46% year-on-year (YoY) surge in net profit after tax for the first half (H1) of 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on August 16th.

Net profit after tax reached EGP 17.33 million in H1 2022, compared to EGP 1.89 million in the year-ago period.

Operating revenues dropped to EGP 171.97 million in the six-month period ended June 30th from EGP 191.75 million in H1 2021.

Founded in 2001, El Dawlia is an EGX-listed company specialized in the blended phosphate fertilizer industry and soluble fertilizers were added to help support the industry.

 

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