El Nasr Manufacturing Agricultural Crops’ losses shrink in 9 months

Updated 2/13/2022 2:49:24 PM

ArabFinanceEl Nasr For Manufacturing Agricultural Crops (ELNA) has reduced its net loss after taxes during the period starting from April 1st until December 31st 2021, according to the company’s financial statement filed to the Egyptian Exchange (EGX).

In the April-December 2021 period, ELNa’s net loss after taxes dropped to EGP 2.358 million, from EGP 3.335 million in the same period a year earlier.

Meanwhile, the company’s net loss taxes deepened to EGP 833,077 during the period from October 1st  until December 31st 2021, compared to EGP 748,469 in the year-ago period.

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.