Egypco incurs loss in Q3
Updated 11/5/2020 1:29:00 PM
ArabFinance: Egypt for Poultry Company (Egypco) (EPCO) registered a standalone net loss after tax of EGP 1.29 million during the three months ended on September 30th 2020, according to a disclosure to the Egyptian Exchange.
The result was negative against the EGP 1.27 million net profit achieved in the same period a year earlier.
As for the nine-month period in 2020, the standalone statement indicated a net loss of EGP 3.85 million, compared with EGP 1.21 million in the nine months ended on September 30th 2019.
The consolidated financials, meanwhile, showed a net loss of EGP 2.58 million at the end of September 2020, when compared to EGP 2.45 million in the same period a year ago.
During the first half of 2020, Egypco posted a consolidated net loss of EGP 1.80 million, while its standalone net loss totaled EGP 2.56 million.
