ArabFinance: Atlas for Investment and Food Industries (AIFI) incurred a consolidated loss attributable to the parent company of EGP 4.411 million in 2021, up from EGP 309,603 in 2020, according to financial statements filed to the Egyptian Exchange (EGX) on Sunday.
Revenue declined to EGP 14.154 million in the full year ended December 31st 2021, from EGP 17.772 million the year before.
Atlas reported a standalone net loss after tax of EGP 3.696 million in 2021, compared to a net profit of EGP 142,094 in 2020, financial statements showed.
Atlas, established in 1997 and listed in 2012, has four subsidiaries focusing on real estate, farm development, and agricultural processing.