Abu Kir Climbs to Highest Since 2009 in Cairo as Profit Rises
The shares of the Alexandria, Egypt-based company advanced 1.4 percent to 242.5 Egyptian pounds at the 1:30 p.m. close in Cairo, the highest level since November 2009. That gave the company a market value of 12.2 billion pounds ($2 billion). The benchmark EGX 30 Index (EGX30) gained 0.4 percent.
Net income for the fiscal year that ended June 30 was 1.35 billion pounds compared with 1.17 billion pounds a year-earlier, the company said today.
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