Arab Finance: Egypt for Poultry’s (Egypco) (EPCO) registered  EGP 3.051 million in consolidated net losses attributable to the parent company in the first quarter (Q1) of 2024, compared to net profits of EGP 882,445 in Q1 2023, the firm announced on May 16th.

The company reported revenues of EGP 1.916 million for the three-month period ended March 31st this year.

As for standalone financials, the company incurred net losses after tax of EGP 2.866 million in Q1 2024, versus net profits of EGP 1.397 million.

Egypco is a public shareholding company that operates in the food processing industry. It manages poultry farms and slaughterhouses and is engaged in land reclamation and agricultural activities, as well as cattle and fish product manufacturing.

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