Arab Finance: El Ahram for Printing and Packing’s (EPPK) losses rose 148.84% year on year (YoY) during the first quarter (Q1) of 2023, according to the unaudited financial statement filed to the Egyptian Exchange (EGX) on May 29th.
The company incurred a net loss after tax of EGP 3.358 million in Q1 2023, compared to EGP 1.349 million in the three-month period ended March 31st, 2022.
Net sales dropped 63.57% YoY to EGP 2.602 million during the first three months of 2023 from EGP 7.145 million during the January-March period of 2022.
El Ahram for Printing is an Egyptian company engaged in the field of flexible packing since 1993 located in the second industrial zone of Borg El-Arab El-Gideda at Alexandria.