DELTA SUGAR
SUGR
Financial ResultsPositive News
Delta Sugar's Sweet Success: Profits Surge 91%!
Delta Sugar's profits soared 91% in 2023, with revenues hitting EGP 8.3bn, signaling strong growth and financial health.
January 23, 2024 at 9:39:00 AMScore: 85
Delta Sugar [SUGR.CA] is celebrating a banner year, with profits skyrocketing by 91% in 2023. The company's net profit after tax reached EGP 1.62 billion, a significant leap from the EGP 850.40 million recorded in 2022. Earnings per share (EPS) also mirrored this impressive growth, jumping to EGP 9.29 from EGP 4.87.
Revenue streams flowed generously, swelling by 121% year-on-year to EGP 8.33 billion. This robust performance builds upon a strong first half, where Delta Sugar posted net profits of EGP 1.08 billion, a 100% increase compared to the previous year. Sales also experienced substantial growth, climbing by 41% to EGP 3.53 billion.
Recommended Actions
- Consider further research into Delta Sugar's financials.
- Monitor stock performance for potential entry points.
- Compare Delta Sugar's growth with industry peers.
- Assess risk tolerance before investing.
- Consult with a financial advisor for personalized advice.
Positive Aspects
- Significant profit increase
- Substantial revenue growth
- Improved earnings per share
Recent News
January 22, 2024 at 12:37:00 PMGiza Contracting Secures EGP 539 Million Mega-Contract for New Aswan City Development
July 3, 2024 at 10:22:00 AMLink Holdco Trims Fawry Stake Amid Block Trade Surge
March 10, 2024 at 12:07:00 PMRaya Holding Soars to EGP 564M Profit in 2023 Amid Revenue Surge
May 29, 2024 at 10:36:00 AMRaya Holding Soars with 131% Profit Surge in Q1-24 Amid Standalone Losses
GGCC
GIZA GENERAL CONTRACTINGEgyptian construction giant lands major infrastructure deal while navigating revenue challenges in 2023 financials
FWRY
FAWRY FOR BANKING TECHNOLOGY AND ELECTRONIC PAYMENTLink Holdco reduces Fawry stake to 4.99% following a EGP 1.02B block trade; Q1 profit surges 135% YoY.
RAYA
RAYA HOLDING FOR FINANCIAL INVESTMENTSRaya Holding reports a 34% profit surge to EGP 564M in 2023, driven by revenue growth, but standalone losses widen.
RAYA
RAYA HOLDING FOR FINANCIAL INVESTMENTSRaya Holding reports soaring Q1-24 consolidated profits but faces standalone losses as revenues and assets grow.
