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CPC to renew EGP 430M short-term facilities

CPC to renew EGP 430M short-term facilities

ArabFinance: Cairo Poultry Company’s (CPC) (POUL) board of directors approved the renewal of the company's short-term facilities worth EGP 430 million, according to a statement filed to the Egyptian Exchange.

CPC’s ordinary general assembly approved cash dividends of EGP 76.640 million.

The company 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.

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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