MOBCO was established in 1998 and specializes in the manufacturing of fertilizers, ammonia and nitrogen, is a person of the largest exporters of urea in Egypt, provides all-around two million tons for every yr and exports to Europe, Latin The usa, Asia and Africa.
Semi-once-a-year earnings
At the stage of the 1st 6 months of this 12 months, the firm’s earnings improved 71.6% yr-on-calendar year to 3.734 billion lbs ., supported by forex variations and financial earnings, when gross sales grew 108% to 8.712. billions of lbs.
“Keeping” Abu Dhabi acquires $ 1.8 billion in stakes in five Egyptian companies
Egyptian stock “Mobco” stock closed at EGP 107, up 2.9% throughout buying and selling on Thursday.
Ibrahim El-Nimr, head of the technical investigation division of Naeem Fiscal, sees that the inventory has resistance at amounts of 110-114 kilos and will deal with to surpass it up to the level of 118 kilos, to arrive at the highest level in 4 months.
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