Egypt: Ismailia Misr Poultry turns to losses in 2022

Reuters Images/Amr Abdallah Dalsh

Net revenues grew to $15.49mln in 2022

Staff Writer, Arab Finance

March 20, 2023

PHOTO

Egypt - Ismailia Misr Poultry Company recorded EGP 129.77 million in consolidated net losses after tax and minority interest in 2022, versus EGP 326,626 in net profits in 2021, according to an income statement filed to the EGX on March 19th.

Net revenues grew to EGP 478.72 million in 2022, up 5.9% from EGP 451.94 million in the prior year.

Meanwhile, the firm registered EGP 129.74 million in standalone net losses after tax last year, compared to net profits of EGP 340,051 in 2021.

Standalone revenues logged EGP 478.72 million last year, up 5.9% from EGP 451.94 million the year before.

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