trending Market Intelligence /marketintelligence/en/news-insights/trending/favSj3hh27B-0tkxDWMRiQ2 content esgSubNav
In This List

Delta Sugar Q2 profit falls YOY

Blog

Global M&A By the Numbers: Q3 2021

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Case Study

Honing Sustainable Investing Strategies with Robust Environmental Data


Delta Sugar Q2 profit falls YOY

Delta Sugar Co. said its normalized net income for the second quarter was 16 Egyptian piastres per share, a decline of 74.4% from 61 piastres per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 22.4 million pounds, a decrease of 71.5% from 78.7 million pounds in the year-earlier period.

The normalized profit margin declined to 7.1% from 21.2% in the year-earlier period.

Total revenue declined 15.8% on an annual basis to 312.8 million pounds from 371.4 million pounds, and total operating expenses totaled 241.2 million pounds, compared with 238.9 million pounds in the year-earlier period.

Reported net income declined 62.2% on an annual basis to 33.4 million pounds, or 23 piastres per share, from 88.5 million pounds, or 69 piastres per share.

As of Aug. 11, US$1 was equivalent to 7.83 Egyptian pounds.