Arab Finance: Arabian Rocks Plastic Industries (ARPI) posted a 41.28% year-on-year (YoY) drop in net loss after tax for the first half (H1) of 2022, according to the financial income statement filed to the Egyptian Exchange (EGX) on August 22nd.
The company incurred a net loss after tax of EGP 410,585 in H1 2022, versus a net loss of EGP 699,283 in the same period last year.
Sales amounted to EGP 36,900 in the six-month period ended June 30th, falling from EGP 665,089 in H1 2021.
Established in 2013 and listed on the EGX in 2016, Arabian Rocks is a public company that operates within the materials sector and focuses on commodity chemicals.