Ismailia Misr Poultry switches to profitability in 2021
Updated 3/13/2022 11:29:00 AM
ArabFinance: Ismailia Misr Poultry (ISMA) turned to profitability during the full year ended December 31st 2021, according to financial statements filed to the Egyptian Exchange (EGX) on Sunday.
The company reported consolidated profits excluding minority interest of EGP 326,626 in 2021, versus a net loss of EGP 20.764 million in 2020.
Standalone net profits after tax reached EGP 340,051 in 2021, compared to a net loss of EGP 28.097 million the year before, financial statements showed.
The Egypt-based public shareholding company engaged in manufacturing and producing poultry products. It operates production stations, which consist of fodder plant, broiler fattening stations, laying hens farming stations, poultry feed manufacturing unit, hatching unit, and slaughterhouse.
