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El Nasr Manufacturing fiscal Q4 loss widens YOY

El Nasr for Manufacturing Agricultural Crops SAE said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of 43 Egyptian piastres per share, compared with a loss of 19 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 3.4 million pounds, compared with a loss of 1.5 million pounds in the prior-year period.

Reported net income came to a loss of 7.9 million pounds, or a loss of 100 piastres per share, compared to a loss of 2.5 million pounds, or a loss of 32 piastres per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 1.13 pounds per share, compared with a loss of 83 piastres per share in the prior year.

Normalized net income was a loss of 8.9 million pounds, compared with a loss of 6.5 million pounds in the prior year.

The company said reported net income came to a loss of 12.8 million pounds, or a loss of 1.63 pounds per share, in the full year, compared with a loss of 11.3 million pounds, or a loss of 1.44 pounds per share, the prior year.

As of June 29, US$1 was equivalent to 7.63 Egyptian pounds.