Sharkia National Food widens loss by 268.18% YoY in 2023

Updated 2/12/2024 9:59:00 AM
Sharkia National Food widens loss by 268.18% YoY in 2023

Arab Finance: Sharkia National Food Company (SNFC) recorded a 268.18% year-on-year (YoY) rise in net loss after tax during 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on February 12th

The company’s net loss after tax declined to EGP 5.135 million in the January-December period from EGP 1.394 million in 2022.

Net sales surged to EGP 26.929 million in the 12 months to December 31st from EGP 24.250 million in 2022.

Sharkia National Food's main activities include feed manufacture and fattening cattle. The company operates three types of factories, such as poultry feed production factory, animal feed production factory, and cattle fattening farm.

Related News