Egyptian Financial & Industrial

Solely concerned with fertilizers and Egypt.s largest producer of phosphate fertilizers, accounting for 70% of domestic market and 65% of fertilizer exports. Export markets include Italy, Albania, France, Brazil and Syria. New production line of calcium phosphate (20K tons). To penetrate in a number of African markets, topped by Sudan, through competing in exporting fertilizers to agricultural projects. New cooperation opportunities with huge companies. Contract with financial lease company in order to provide production lines (EGP 200M).
Financial Performance:
Expansion plans for SSP production capacities, which intends to increase to 1.9M in 2011 vs. present 1.2M. Increased equity stake in SCFP to EGP299.6M after increasing company.s paid-in capital to EGP300M, maintaining its 99.9% ownership. Net profit of EGP 25.67M for 1Q10 vs. EGP 15.82M for 1Q09. Cash dividends of EGP 0.75 per share, payable on 24/05/09.