Panda incurs losses in H1

Arab Dairy is an Egypt-based company engaged in the dairy industry


ArabFinance: The Arab Dairy Products Co. Arab Dairy (Panda) (ADPC) incurred a consolidated net loss before minority interest of EGP 1.17 million in the first half (H1) of 2021, versus a net profit of EGP 5.06 million in H1 2020, according to the company’s financial statements filed to the Egyptian Exchange (EGX).

Loss per share stood at EGP 0.007 in H1 2021, versus earning per share of EGP 0.029 in the year-ago period.

Meanwhile, the company suffered standalone net loss of EGP 3.79 million in H1 2021, compared to a net profit of EGP 4.97 million in the same period last year.

Arab Dairy is an Egypt-based company engaged in the dairy industry. The company exports its products to the Middle Eastern countries, such as Lebanon, Jordan, Libya, the United Arab Emirates, Saudi Arabia, Palestine, Bahrain, Oman and Kuwait.

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