Delta Sugar (SUGR) has released its financial earnings for the first quarter of the fiscal year 2024, revealing a net profit of EGP 216 million. This figure represents a decrease of 33% compared to the net profit of EGP 323 million recorded during the same period last year. According to the release sent to the EGX (Egyptian Stock Exchange) the company's Board of Directors, in its session held on April 29, 2024, approved the financial position of the company as of March 31, 2024, for the first quarter of the current fiscal year. The release highlights the reasons behind the decline in net income, citing two key factors: firstly, an increase in the prices of production supplies, and secondly, a decrease in sales at the beginning of the period.
Attached the Release
Disclaimer and Terms of Use
The data provided on any page at www.egvest.com aren't for any investment decision or taking any action of buy or sell of any asset or investments of any type; the information on this page has been obtained from sources that EGEVST believed to be reliable, we have not independently verified such information, and it may not be accurate or complete.
EGVEST.com published a delayed feed for the Egyptian stock exchange executed stocks and its leading indices through a previous contract with EGID "Egypt for Information Dissemination" the delayed feed is referred to below as "information."
The "information" displayed and published by EGVEST.com could lead to financial losses. It should be used on a personal and only personal responsibility. The "information" contains simplified mathematical calculations that clarify, simplify, and classify the "information" without using any financial valuation methods and don't represent any recommendation to buy, sell or hold financial assets.
The Data source is the Central Bank of Egypt website and on this system for display only without any analysis or recommendations