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CAIRO – Mubasher: The consolidated financial statements of Atlas Investment and Food Industries for the first half of 2019 show a 12-month loss due to lower revenues.
In a statement to the Egyptian Stock Exchange, the Company announced a loss of 2.16 million pounds in the six months ended June 2019, compared to 704.7 thousand pounds for the corresponding period of 2018, taking into account the rights of minorities.
Revenues in the first half of this year fell to 1.3 million EGP, compared with 4.6 million EGP in the 2018 half year.
In terms of independent business, the company recorded losses during the period of 429,400 EGP, against a profit of 2.12 million pounds in the first half of last year.
The company recorded a loss of 1.094 million pounds from the beginning of January until the end of March of last year, against a profit of 763.96 thousand pounds during the same period last year .
For more business results
appointments:
"Dispute Resolution" postpones the Atlas investment case to recover 11 million pounds
Atlas Investment turns into losses in the first quarter
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