Sharkia National Food turns to profitability in H1
Updated 8/2/2022 4:11:10 PM
Arab Finance: Sharkia National Food Company (SNFC) has turned to a profit during the first half (H1) of 2022, according to the financial income statement filed to the Egyptian Exchange (EGX) on August 2nd.
The company has achieved a net profit of EGP 125,488 in H1 2022, versus a net loss of EGP 11.21 million in the prior-year period.
Moreover, the company’s net sales amounted to EGP 10.11 million in the six-month period ended June 30th, rising from EGP 5.96 million in H1 2021.
Sharkia National Food's main activities include feed manufacture and fattening cattle. The company operates three types of factories, such as poultry feed production factory, animal feed production factory, and cattle fattening farm.
