Manufacturers and printers of packaging products El-Ahram Co. For Printing & Packaging issued its financial statement for the first nine months of this year, showing a decline in the company’s losses by 19.5% on an annual basis.
The company stated that it recorded losses of 6.39 million Egyptian pounds from the beginning of January until the end of September 2022, compared to losses of 7.94 million pounds during the same period last fiscal year (FY).
The company’s sales fell during the nine months to 17.71 million pounds at the end of September, compared to 21.32 million pounds during the same period last year.
El-Ahram posted a net loss of 2.3 million pounds from the beginning of January until the end of June, compared to a profit of one million pounds in the year-earlier period.
Net revenues and sales fell during the first six months to 14.04 million pounds at the end of June, compared to 16.68 million pounds during the same period last year.
The Alexandria-based company reported losses of 1.13 million pounds from the beginning of January until the end of March, compared to profits of 1.19 million pounds during the same period last year.
Net revenues and sales fell during the three months to 7.14 million pounds at the end of March, compared to 9.63 million pounds during the same period last year.
