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Ajwa switches to profitability in 6 months

Ajwa switches to profitability in 6 months

Arab FinanceAjwa for Food Industries Company Egypt (AJWA) turned to profitability during the first six months of 2022, according to financial statements filed to the Egyptian Exchange (EGX) on Tuesday.

The company recorded a consolidated profit excluding minority interest of EGP 43.101 million in the six-month period ended June 30th, compared to a net loss of EGP 3.084 million in the same period a year earlier.

Net sales increased to EGP 859.652 million in the January-June period from EGP 806.365 million the year before.

Ajwa is an Egypt-based company that operates in the manufacture and export of cooking oils and ghee.

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