Abu Qir Fertilizers Company is reaping the benefits of a liberalized exchange rate and some savvy exporting.
The company saw a 126% YoY increase in profits during the latter half of 2022, bringing in a whopping EGP 7.2bn.
The company attributes this success to the depreciation of the pound and a global increase in fertilizer prices. And let’s not forget, they were operating at full capacity.
Looks like Abu Qir Fertilizers is fertilizing its bank account with all that green.