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Arab Dairy Q1 loss widens 814.6% to EGP6.5 mln

Arab Dairy Q1 loss widens 814.6% to EGP6.5 mln
Arab Dairy-Panda
ADPC
-5.77% 1.81 -0.11
The board of Arab Dairy Products Co. endorsed financial highlights for the three-month period that ended on March 31, 2014, showing that net loss deepened 814.6% to EGP6.5 million, from EGP 0.712 million in the same period a year earlier.
The company posted EGP136 million total revenues in Q1, compared with EGP 130.7 million in Q1-13.
The company had logged EGP 3.8 million net loss in FY13, against EGP 10.2 million net profit in FY12.