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CPC logs EGP 121.6M consolidated profit in 9 months

CPC logs EGP 121.6M consolidated profit in 9 months

ArabFinance: Cairo Poultry Company (CPC) (POUL) reported a consolidated net profit attributable to the parent company of EGP 121.61 million in the January-September period of 2021, compared to a profit of EGP 110.84 million, according to the company’s financial statements filed to the Egyptian Exchange (EGX).

On the other hand, the company incurred a standalone net loss of EGP 42.55 million in the first nine months of 2021, versus a net loss of EGP 54.96 million 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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