Cairo – Mubasher: Ajwa Group for Food Industries - Egypt has achieved consolidated net losses of EGP 3.44 million in the first nine months (9M) of 2021, against net profits of EGP 21.76 million in the year-ago period, including the minority shareholders' rights.

The company's revenues rose to EGP 1.32 billion in the January-September period of 2021, compared to EGP 1.075 billion in the same period of 2020, according to a bourse filing on Tuesday.

As for the standalone businesses, the company has recorded net profits of EGP 10.17 million in 9M-21, versus EGP 20.41 million in the corresponding period of 2020.

It is noteworthy to mention that in the first half (H1) of 2021, the company registered net profits of EGP 5.41 million, against net losses of EGP 18.06 million in the same half of 2020.