Atlas Investment and Food Industries (AIFI), listed on the Cairo Stock Exchange, announced a net loss of 1.668 million Egyptian pounds (approximately 34,000 USD) for the first three months of 2025, compared to 1.943 million pounds (nearly 38,670 USD) a year earlier, representing an improvement of 14.13%. The non-consolidated earnings per share remains unchanged at 0.003 EGP.
This reduction in losses reflects the initial effects of the rationalization program launched by the group to cope with an ongoing challenging economic environment. Efforts focus on optimizing stocks, reducing non-essential expenses, and diversifying towards new export markets.
For the full year 2024, AIFI reported a net loss of 6.23 million pounds, compared to 276,608 pounds for 2023, highlighting the importance of regaining strength.
Founded in 1997, Atlas Investment is involved in agricultural development, livestock, aquaculture, poultry production, as well as real estate and tourism investment. The company also engages in direct marketing activities and renewable energy power plant projects.
