Atlas for Investments widens consolidated losses in 9 months

Updated 11/30/2021 1:11:02 PM

ArabFinance: Atlas for Investment and Food Industries (AIFI) incurred a consolidated net loss after tax attributable to the parent company of EGP 3.052 million in the nine-month period ended September 30th, 2021, according to the company’s financial statement filed to the Egyptian Exchange (EGX)

It is worth noting that the company’s consolidated net loss attributable to the parent company for the January-September period of 2020 amounted to EGP 454,053.

Consolidated operating revenue fell to EGP 9.67 million in the first nine months of 2021 from EGP 15.93 million in the year-ago period.

Atlas, established in 1997 and listed in 2012, has four subsidiaries focusing on real estate, farm development, and agricultural processing.