Abu Qir’s net income up 3.59% y-o-y in 2H2020

Abu Qir Fertilizers’ net income rose almost 4% to EGP 1.49 bn in 2H2020, from EGP 1.44 bn during the same period the year before, according to an EGX disclosure (pdf). Revenues increased marginally during the six-month period to just over EGP 4 bn from EGP 3.99 bn in 2H2019.

Abu Qir made it onto Egypt’s benchmark EGX30 index this week after the bourse completed a rebalancing of the gauge under new inclusion criteria.