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Egypt for Poultry fiscal Q3 loss widens YOY

4915822 said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to a loss of 1.2 million pounds, compared with a loss of 69,650 pounds in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 116.4% from negative 2.5% in the year-earlier period.

Total revenue decreased 66.9% year over year to 933,740 pounds from 2.8 million pounds, and total operating expenses decreased 5.5% from the prior-year period to 3.4 million pounds from 3.6 million pounds.

eported net income came to 2.3 million pounds, or 5 piastre Egypt for Poultry