Ismailia Misr Poultry incurs 74.6% YoY higher consolidated loss in H1
Updated 8/14/2022 11:29:00 AM
Arab Finance: Ismailia Misr Poultry (ISMA) recorded a 74.62% year-on-year (YoY) hike in consolidated loss attributable to the parent company in the first half (H1) of 2022, according to financial statements filed to the Egyptian Exchange (EGX) on August 14th.
The company incurred a consolidated net loss of EGP 21.007 million in the first six months of 2022, versus a loss of EGP 12.03 million in the corresponding period last year.
Consolidated net sales declined to EGP 222.396 million in H1 2022 from EGP 202.92 million in H1 2022.
The company’s standalone loss after tax reached EGP 20.994 million in the January-June period, up from EGP 12.029 million in the year-before period.
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.
