Ismailia Misr Poultry reports 192.5% YoY higher consolidated loss in 9 months
Updated 11/15/2022 9:45:00 AMArab Finance: Ismailia Misr Poultry (ISMA) recorded a 192.5% year-on-year (YoY) increase in consolidated loss attributable to the parent company during the first nine months of 2022, according to the financial statements filed to the Egyptian Exchange (EGX) on November 15th.
The company’s consolidated loss excluding minority interest rose to EGP 32.069 million in the nine months to September 30th from EGP 10.965 million in the same period a year earlier.
Net sales grew to EGP 332.966 million in January-September from EGP 322.807 million in the year-ago period
Furthermore, the standalone net loss after tax increased to EGP 32.056 million in the period from January to September from EGP 10.963 million in the same period last year.
The Egypt-based public shareholding company is engaged in manufacturing and producing poultry products. It operates production stations, which consist of fodder plants, broiler fattening stations, laying hens farming stations, poultry feed manufacturing unit, hatching unit, and slaughterhouse.
