Ismailia Poultry’s consolidated net losses jump 163% YoY in H1
Updated 8/14/2023 9:25:00 AM
Arab Finance: Ismailia Misr Poultry’s (ISMA) consolidated net loss attributable to the parent company rose 163.01% year on year (YoY) in the first half (H1) of 2023, according to the financial income statement filed to the Egyptian Exchange (EGX) on August 14th.
Consolidated net loss attributable to the parent company amounted to EGP 55.251 million in H1 2023, compared to EGP 21.007 million in H1 2022.
Net sales dropped to EGP 118.601 million in the first six months of the year from EGP 222.395 million in the corresponding period a year earlier.
At the level of the standalone financial income statement, the company incurred a net loss of EGP 55.251 million in H1 2023, rising from EGP 20.993 million in H1 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 chickens, eggs, and animal feed.
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