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Cairo Poultry logs EGP 103M profit

Cairo Poultry logs EGP 103M profit

ArabFinance:  Cairo Poultry Company (CPC) (POUL) achieved a consolidated net profit of EGP 103.37 million in 2020, down 11.5% when compared to EGP 116.84 million in 2019, excluding minority shareholders’ rights, the company reported in a statement to the Egyptian Exchange on March 1st.

As regards standalone business, the company incurred a net loss of EGP 6.9 million last year, versus a net profit of EGP 17.96 million in 2019.

The listed company posted a consolidated net profit before minority interest stood at EGP 110,846,131 in the January-September period of 2020, compared to EGP 152,040,926 achieved in the prior-year period.

CPC, a subsidiary of Kuwait Food Company, is an Egypt-based company that operates in the farming and food processing sectors.

The listed firm focuses on the breeding and fattening chicks, production of animal feed, and hatching of eggs, as well as participating in similar projects inside and outside Egypt.


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04 Oct 2021
United Housing & Development UNIT

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