Sharkia National Food loss widens 12%
Updated 6/17/2020 10:22:00 AM
ArabFinance: Sharkia National Food Company (SNFC) reported a 12% Year on Year increase in its net loss in Quarter one (Q1) of 2020, according to the company's June 16th financial statements filed to the Egyptian Exchange.
Net loss stood at EGP 1,175,482 in Q1 2020, compared to EGP 627,008 incurred in Q1 2019.
In 2019, the company suffered a net loss of EGP 3,770,223, versus posting a net profit of EGP 1,435,453 in 2018.
Sharkia National Food's main activities include feed manufacture and fattening cattle. The company operates three types of factories, such as poultry feed production factory, animal feed production factory, and cattle fattening farm.
