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Ajwa Egypt cuts losses in 2021

Ajwa Egypt cuts losses in 2021

ArabFinanceAjwa for Food Industries Company Egypt’s (AJWA) standalone loss after tax declined to EGP 5.302 million in 2021, from EGP 30.483 million in 2020, according to financial statements filed to the Egyptian Exchange (EGX) on Thursday.

Net sales inched down to EGP 202.043 million in the full year ended December 31st 2021, from EGP 223.941 million in 2020.

Ajwa, formerly Misr Gulf Oil Processing, is an Egypt-based company engaged in the manufacture and export of cooking oils and ghee. The company is part of KSA-based Ajwa Group for Food Industries, which operates in the food industry through the Middle East, Africa, Europe, and the Far East.

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