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اليوم السابع
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Delta Sugar reports massive notes and declining profits
The Central Auditing Organization's report revealed a sharp decline in Delta Sugar Company's profits by 74%, with net income dropping to approximately 80.856 million Egyptian pounds from 315.003 million pounds in the same period of the previous year, amid continued decreases in sugar selling prices and rising costs. The company also experienced a significant 87.5% decline in molasses sales, along with increased financial obligations and accumulating overdue payments to suppliers. Additionally, there are unused assets and an increase in inventory from finished products.
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