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Sharkia National Food profits tumble 45% in Q1

Sharkia National Food profits tumble 45% in Q1
Photo Credit: Arabianeye-Reuters
Sharkia National Food
SNFC
-0.11% 8.71 -0.01

Sharkia National Food posted net profits of EGP 323,000 in the first quarter of 2015, compared with EGP 591,800 for the same period of 2014, a drop of 45%.

The company's net profits stood at EGP 2.3 million for 2014, compared with EGP 196,400 for the previous year.

The firm is capitalised at EGP 81.9 million, distributed across 16.4 million shares at EGP 5 par value each.