Delta Sugar’s profits fall 14% YoY in H1 2024

Updated 7/30/2024 9:24:00 AM
Delta Sugar’s profits fall 14% YoY in H1 2024

Arab Finance: Delta Sugar recorded a 14% year-on-year (YoY) decline in net profits after tax in the first half (H1) of 2024, according to the financial indicators.

Net profits after tax amounted to EGP 940.05 million in H1 2024, compared to EGP 1.088 billion in H1 2023.

Meanwhile, revenues dropped to EGP 2.459 billion from EGP 4.321 billion.

Incorporated in 1978, the company was the first to produce sugar from beets in Egypt. The first line of production was completed in 1982. The company’s factories are located in Zawiya area in el Hamoul center in Kafr el Sheikh.

 

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