Delta Sugar’s profit surges 58% YoY in H1

Updated 8/2/2022 4:00:30 PM

Arab Finance: Delta Sugar (SUGR) recorded a net profit after tax of EGP 544.009 million in the first half (H1) of 2022, growing by 58% year-on-year (YoY) from EGP 343.89 million, according to the unaudited financial income statement filed to the Egyptian Exchange (EGX) on August 2nd.

Meanwhile, the company’s revenues soared by 120% to EGP 2.50 billion in H1 2022 from EGP 1.13 billion in the year-ago period.

Delta Sugar is an Egypt-based shareholding company that operates in the food processing industry sector.