Mubasher TV
Contact Us Advertising   العربية

Nile Sugar turns to loss in 2014

Nile Sugar turns to loss in 2014
Nile Sugar
NSUG
0.00% 0.00 0.00

Nile Sugar Co. posted financial indicators for the fiscal year 2014, mirroring net loss of EGP 2.7 million ($353 thousand), versus EGP 3.8 million ($498 thousand) a year earlier.

FY14 total revenues amounted to EGP 1.1 billion, compared with EGP 845 million a year earlier.

The sugar producer had posted EGP 11.5 million net profit for the first nine months of FY14, representing a decline by 17.9%.

Photo Credit: Arabianeye-Reuters