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Ismailia Misr Poultry turns to loss

Ismailia Misr Poultry turns to loss

ArabFinance: Ismailia Misr Poultry (ISMA) incurred a consolidated net loss of EGP 690,520 in Quarter one (Q1), against a profit of EGP 64,377 in the prior-year period, according to the company’s June 9th financial statements.

Standalone net loss stood at EGP 690,170 in Q1 2020, versus a net profit of EGP 64,437 achieved in Q1 2019. 

In 2019, the company suffered a consolidated net loss of EGP 5,162,945, compared to a net profit of EGP 14,195,055 in the same period a year ago.  

Moreover, it incurred a standalone net loss of EGP 5,148,751 in 2019, against a profit of EGP 8,569,957 last year. 

Ismailia Misr Poultry is an Egypt-based public shareholding company engaged in manufacturing and producing poultry products.  The company operates production stations, which consist of fodder plant, broiler fattening stations, laying hens farming stations, poultry feed manufacturing unit, hatching unit, and slaughterhouse.

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