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El Nasr Manufacturing fiscal Q3 loss narrows YOY

El Nasr for Manufacturing Agricultural Crops SAE said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was a loss of 12 Egyptian piastres per share, compared with a loss of 23 piastres per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 976,530 pounds, compared with a loss of 1.8 million pounds in the prior-year period.

Reported net income totaled a loss of 1.4 million pounds, or a loss of 18 piastres per share, compared to a loss of 2.8 million pounds, or a loss of 36 piastres per share, in the year-earlier period.

As of Feb. 13, US$1 was equivalent to 7.63 Egyptian pounds.