ArabFinance: Samad Misr (EGYFERT) (SMFR) turned to profitability in 2021, posting consolidated profits excluding minority interest of EGP 1.968 million, compared to a net loss of EGP 456,176 in 2020, according to financial statements filed to the Egyptian Exchange (EGX) on Monday.

The company reported a standalone profit after tax of EGP 543,257 in 2021, versus a net loss of EGP 1.476 million in 2020, financial statements showed.

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.