Cairo – Mubasher: Arabian Food Industries Company (Domty) posted on Tuesday a consolidated net loss of EGP 6 million for the first quarter of fiscal year 2017, against profits worth EGP 24.15 million in Q1-16.
Sales increased in the first three months of FY17 by 27% to EGP 471.4 million, compared to EGP 370.5 million for the same period of FY15, according to a bourse filing.
Operating profit declined by 90% in Q1-17 to EGP 4.73 million from EGP 45.3 million for Q1-16.
Standalone losses amounted to EGP 8.11 million in Q1-17, versus profits of EGP 23.3 million for Q1-16.
The stock stood at EGP 8.49 in Tuesday’s early trading.
