Sharkia National Food cuts loss by 71.2% YoY in 9 months
Updated 11/15/2022 8:25:00 AM
Arab Finance: Sharkia National Food Company (SNFC) recorded a 71.21% year-on-year (YoY) decline in net loss after tax during the first nine months of 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on November 14th.
The company’s net loss after tax declined to EGP 341,629 in the January-September period from EGP 1.18 million in the same period a year earlier.
Net sales surged to EGP 15.404 million in the nine months to September 30th from EGP 6.79 million in the year-ago period.
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.
