Arab Finance: Ismailia Misr Poultry (ISMA) recorded a 151.78% year-on-year (YoY) increase in consolidated loss attributable to the parent company during the first nine months of 2023, according to the financial statements filed to the Egyptian Exchange (EGX) on November 15th.

The company’s consolidated loss excluding minority interest rose to EGP 80.742 million in the nine months to September 30th from EGP 32.069 million in the same period a year earlier.

Net sales grew to EGP 140.481 million in January-September from EGP 332.965 million in the year-ago period

Furthermore, the standalone net loss after tax increased to EGP 80.742 million in the period from January to September from EGP 32.056 million in the same period last year.

The Egypt-based public shareholding company is engaged in manufacturing and producing poultry products. It operates production stations, which consist of fodder plants, broiler fattening stations, laying hens farming stations, poultry feed manufacturing unit, hatching unit, and slaughterhouse.

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