Arab Finance: International Company for Fertilizers and Chemicals (El Dawlia) recorded a 284.6% year-on-year (YoY) surge in net profits after tax for the first six months of 2024, according to the financial statement filed to the Egyptian Exchange (EGX) on August 15th.
Net profits after tax reached EGP 89.021 million in the six-month period, compared to EGP 23.146 million in the year-ago period.
Meanwhile, operating revenues soared to EGP 915.114 million from EGP 484.216 million.
Founded in 2001, El Dawlia is an EGX-listed company specializing in the blended phosphate fertilizer industry and soluble fertilizers were added to help support the industry.