ArabFinance: Egypt for Poultry Company (Egypco) (EPCO) incurred a 10% Year on Year increase in its consolidated net loss in Quarter one (Q1), according to a June 14th financial statements filed to the Egyptian Exchange.

Consolidated net loss reached EGP 1,845,322, compared to EGP 1,684,763 incurred in Q1 2019. 

Similarly, standalone net loss rose to EGP 1,268,486 in Q1 2020, compared to EGP 1,262,130 incurred in the corresponding quarter. 

In 2019, the company suffered a consolidated net loss of EGP 490,815, a 86% decline from EGP 3.56 million a year earlier. 

However, the company achieved standalone profit worth EGP 1.03 million in 2019, against a net loss of EGP 732,190 in 2018.

Egypco is a public shareholding company that operates in the food processing industry. It manages poultry farms and slaughterhouses, and is engaged in land reclamation and agricultural activities, as well as cattle and fish product manufacturing.