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CPC’s consolidated profits reach EGP 182.2M in 2021

CPC’s consolidated profits reach EGP 182.2M in 2021

ArabFinanceCairo Poultry Company (CPC) (POUL) reported consolidated profits attributable to the parent company of EGP 182.23 million in 2021, from EGP 103.378 million in 2020, according to financial statements filed to the Egyptian Exchange (EGX) on Tuesday.

Revenues from contracts with clients increased to EGP 4.995 billion in the full year ended December 31st 2021, from EGP 4.178 billion the year before.

Meanwhile, the company’s standalone net loss after tax skyrocketed to EGP 62.66 million in 2021, from EGP 6.906 million in 2020, financial statements showed.

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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