Arab Finance: Ismailia Misr Poultry’s (ISMA) consolidated net loss attributable to the parent company rose 91.18% year on year (YoY) in the first quarter (Q1) of 2023, according to the consolidated financial income statement filed to the Egyptian Exchange (EGX) on June 14th.

Consolidated net loss attributable to the parent company amounted to EGP 23.722 million in Q1 2023, compared to EGP 12.408 million in Q1 2022.

Operating revenues dropped to EGP 60.726 million in the first three months of the year from EGP 112.508 million in the corresponding quarter a year earlier.

At the level of the standalone financial income statement, the company incurred a net loss of EGP 23.722 million in Q1 2023, rising from EGP 12.407 million in Q1 2022.

Established in 1977, the firm is engaged in manufacturing and producing poultry products. It owns and operates poultry farms and chicken slaughterhouses, while producing frozen and alive fattening chicken, chicken products, large chicken, eggs, and animal feed.

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