Arab Finance: El Ahram for Printing and Packing’s (EPPK) net losses after tax rose by 322% year on year (YoY) during the first nine months of 2023, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on November 14th.
The company incurred net losses after tax of EGP 26.966 million from January through September, compared to EGP 6.391 million in the nine-month period of last year.
Net sales dropped 28.4% YoY to EGP 12.683 million during the first nine months of 2023 from EGP 17.711 million during the January-September 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.