Abu Qir Fertilizers (ABUK) reported a net profit of EGP 9.16 billion for FY23/24, a 4.32% decrease YoY. Revenues also fell by 14.06% to EGP 18.52 billion, impacted by lower export prices and reduced sales volume due to production dips. Basic EPS saw a similar decline, landing at EGP 9.16. While the board approved the results on July 31, the figures reflect a challenging year compared to FY22/23, where net profits hit EGP 9.56 billion and revenues reached EGP 21.55 billion. 9M results had already indicated a slight downturn, with net profits at EGP 12.14 billion.