Arab Finance: Samad Misr’s (EGYFERT) (SMFR) consolidated net profits after tax and minority interest dropped 79.2% year on year (YoY) in the first quarter (Q1) of 2024 to EGP 6.199 million, versus EGP 29.842 million, as per a disclosure.

The firm garnered EGP 40.541 million in net sales during the three months to March 31^st, down from EGP 54.057 million in the same period a year ago.

At the level of the standalone financials, EGYFERT registered standalone net profits after tax of EGP 5.615 million in Q1 2024, compared to EGP 29.607 million in Q1 2023.

Likewise, standalone net sales went down to EGP 37.679 million from EGP 52.849 million.

EGYFERT is an Egypt-based shareholding company that operates in the trading and distribution of agricultural products.

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