Egypt for Poultry incurs loss in H1

Updated 8/10/2021 12:22:00 PM

ArabFinance: Egypt for Poultry (EPCO) incurred a consolidated net loss after tax of EGP 4.33 million in the first half (H1) of 2021, compared to a net loss of EGP 1.80 million in H1 2020, according to the consolidated financial results statement.

Consolidated revenue amounted to EGP 1.34 million in H1 2021, down from EGP 2.01 million in the corresponding period of 2020.

As per the standalone financial statement, the company suffered a net loss of EGP 3.38 million in the six-month period ended 30 June 2021, compared to a loss of EGP 2.56 million in H1 2020.

Egypt for Poultry 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.