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Ajwa Egypt’s H1 consolidated loss shrinks

Ajwa Egypt’s H1 consolidated loss shrinks

ArabFinance: Ajwa for Food Industries company Egypt (AJWA) incurred a consolidated net loss before minority interest of EGP 3.08 million in the first half (H1) of 2021, versus a net loss of EGP 16.20 million in the year-ago period, according to the company’s financial statement filed to the Egyptian Exchange (EGX).

Loss per share stood at EGP 0.15 during the six-month period ended June 30th, 2021, compared to a loss of EGP 0.81 per share in H1 2020.

Net sales amounted to EGP 806.36 million in H1 2021, versus revenue of EGP 546.73 million in the prior-year period.

Ajwa, formerly Misr Gulf Oil Processing, is an Egypt-based company engaged in the manufacture and export of cooking oils and ghee. The company is part of KSA-based Ajwa Group for Food Industries, which operates in the food industry through the Middle East, Africa, Europe, and the Far East.

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