Atlas Investment Egypt cuts 2022 consolidated loss by 74.6% YoY
Atlas for Investment and Food Industries (AIFI) reduced its consolidated loss after minority interest in 2022 by 74.6% to EGP 1.119 million from EGP 4.41 million in 2021, according to the financial statements filed to the Egyptian Exchange (EGX) on March 30th.
Revenues grew to EGP 21.849 million last year from EGP 14.154 million a year earlier.
Meanwhile, the company’s standalone losses after tax increased to EGP 5.584 million in 2022 from EGP 3.695 million in 2021.
Atlas, established in 1997 and listed in 2012, has four subsidiaries focusing on real estate, farm development, and agricultural processing.