Sharkia National Food turns to losses in Q3
Updated 11/4/2021 11:01:21 AM
ArabFinance: Sharkia National Food Company (SNFC) incurred a net loss of EGP 11.63 million in the January-September period of 2021, versus a net profit of 11.82 million in the year-ago period, according to the company’s financial statement filed to the Egyptian Exchange (EGX).
Net sales amounted to EGP 6.79 million in the first nine months of 2021, down from EGP 18.69 million in the same period of 2020.
In the third quarter (Q3) of 2021, the company suffered a net loss of 419,869, compared to a net profit of EGP 6.803 million in Q3 2020.
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.
