AIFI swings to consolidated losses in 9 months

Updated 12/24/2024 2:02:00 AM
AIFI swings to consolidated losses in 9 months

Arab Finance: Atlas for Investment and Food Industries (AIFI) shifted to consolidated net losses attributable to the parent company amounting to EGP 3.37 million in the first nine months of 2024, according to the financial results.

This was compared to net profits valued at EGP 515,481 in the same period of 2023.

The company generated sales worth EGP 28.23 million as of 30 September 2024, an annual increase of 20.58% from EGP 23.41 million.

In the first half (H1) of 2024, AIFI turned to consolidated net losses attributable to the parent company of EGP 1.594 million, against net profits of EGP 1.064 million in H1 2023.

Related News