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Ismailia Misr Poultry swings to loss

Ismailia Misr Poultry swings to loss

ArabFinance: Ismailia Misr Poultry (ISMA) turned to a net consolidated net loss of EGP 2,567,599 for the first half (H1) of 2020, according to the company’s August 13th financial statements filed to the Egyptian Exchange.

In H1 2019, the company posted a net profit of EGP 4,658,136.

Standalone net loss reached EGP 2,556,888 in H1, against a net profit of EGP 4,714,417 posted in H1 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.  

Standalone net loss stood at EGP 5,148,751 in 2019, against a profit of EGP 8,569,957 a year earlier. 

The Egypt-based public shareholding company engaged in manufacturing and producing poultry products. It 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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