EARNINGS WATCH- Abu Qir Fertilizers FY2018-2019 profits jump 30.5% y-o-y: Abu Qir Fertilizers reported net income of around EGP 3.2 bn in FY2018-2019, compared to EGP 2.4 bn the previous year, the company said in a bourse filing (pdf). Revenues during the year rose 13.7% y-o-y to around EGP 8.6 bn. We reported earlier this month that the additional stake sale in the company will not take place before September.

Alexandria Mineral Oils profits plunge 70% y-o-y in FY2018-2019: Alexandria Mineral Oils (AMOC) net income dropped to EGP 450 mn in FY2018-2019, compared to EGP 1.5 bn in the previous year, the company said in a bourse filing (pdf). Revenues rose 4.5% to EGP 14.7 bn during the year, compared to EGP 14 bn a year earlier.

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