Cairo – Mubasher: Arabian Food Industries Company (Domty) incurred consolidated net losses after tax, including minority interest, worth EGP 3.43 million during the January-March 2021 period, against a net profit of EGP 32.09 million in the same period a year ago.

Loss per share stood at EGP 0.012 in the first quarter (Q1) of 2021, versus earnings per share of EGP 0.093 in Q1-20, according to a bourse filing on Tuesday.

Sales decreased by 13% to EGP 647.08 million in Q1-21 from EGP 744.81 million in Q1-20.

In terms of the standalone financials, Domty suffered a net loss after tax, including minority interest, worth EGP 4.9 million in the first three months of 2021, against net profits of EGP 29.1 million in Q1-20.

Loss per share amounted to EGP 0.017 in Q1-21, versus earnings per share of EGP 0.084 in Q1-20.

In 2020, Domty achieved consolidated net profits of EGP 157.97 million.