El Nasr for Manufacturing cuts net loss by 53.2%
Updated 2/14/2021 2:37:06 PM
ArabFinance: El Nasr for Manufacturing Agricultural Crops (ELNA) reported a 53.2% Year on Year fall in its net loss during the April-December period of 2020, according to the company’s statement to the Egyptian Exchange on February 14th.
The company suffered a net loss of EGP 3.33 million during the period ended December 31st 2020, compared to EGP 7.13 million in the same period in the prior year.
The fiscal year of El Nasr for Manufacturing starts in April and ends in March.
On a yearly basis, the listed company reported a 26% decline in its net loss during the second quarter of 2020, incurring EGP 925,864.
El Nasr for Manufacturing is an Egypt-based public shareholding company that operates in the food processing sector. It is primarily engaged in the dehydration, distribution, and export of agricultural crops, including onions and other vegetables. The company is also engaged in the manufacture and export of dehydrating equipment and machinery.
