ArabFinance: Samad Misr - EGYFERT reported a 76% Year on Year decline in its consolidated net loss in 2020, according to the company’s financial statements filed to the Egyptian Exchange.

Consolidated net loss before minority interest stood at EGP 456,176 in 2020, compared to EGP 1,927,271 achieved in 2019.

Standalone net loss reached EGP 1,476,138 in 2020, a 31% decrease from EGP 2,126,138 posted a year earlier.

The company earlier canceled the profit distribution for 2019.

EGYFERT is an Egypt-based shareholding company engaged in the agricultural products trading and distributing sector. It is specialized in export, import, and general trading of different types of agricultural fertilizers, chemicals, and other related products, as well as investing in other companies in the same field.