Arab Finance: Egypt for Poultry (Egypco) (EPCO) incurred a consolidated net loss attributable to the parent company of EGP 6.61 million in the nine-month period ended September 30th, versus a net profit of EGP 19.01 million in the year-ago period, according to the financial statements filed to the Egyptian Exchange (EGX) on November 13th.
Meanwhile, the company’s standalone net loss after tax stood at EGP 5.03 million in the January-September period, versus a net profit of EGP 20.43 million in the same period of 2021.
Egypco is a public shareholding company that operates in the food processing industry. It manages poultry farms and slaughterhouses and is engaged in land reclamation and agricultural activities, as well as cattle and fish product manufacturing.