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Sharkia National Food 9M profit soars to EGP2.8m

Sharkia National Food 9M profit soars to EGP2.8m
Sharkia National Food
SNFC
1.40% 8.69 0.12
The board of Sharkia National Food Co. endorsed financial indicators for the nine-month period that ended on September 30, 2014.
These indicators mirrored a surge by 254% in net profit to EGP 2.8 million, compared with EGP 796 thousand reported in the same period a year earlier.
The company’s H1 net profit had amounted to EGP 1.8 million, compared with EGP 705 thousand net profit in H1-13.
The company had posted a 95.29% slide in FY13 net profit to EGP 196 thousand, compared with EGP 4.178 million a year earlier.