Al Ahly Pharos sets FV of EFIC at EGP 17/share
Updated 3/8/2022 9:07:54 AM
ArabFinance: Al Ahly Pharos Securities Brokerage Research has set the fair value (FV) of Egyptian Financial and Industrial (EFIC) at EGP 17 per share, with a recommendation of “Overweight”, the research firm noted in a report.
It is worth noting that EFIC posted a consolidated profit excluding minority interest of EGP 303.98 million in 2021, as compared to EGP 126.94 million in 2020.
The company’s standalone profit after tax soared to EGP 208.719 million in 2021 from EGP 71.99 million in 2020.
EFIC is an Egypt-based company involved in the production and marketing of agricultural chemicals. The company focuses on the production and distribution of chemical resources and agricultural fertilizers, as well as the production of plastic and general bags to fill up its products.
