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Al Ahly Pharos sets FV of Cairo Poultry at EGP 4/share

Al Ahly Pharos sets FV of Cairo Poultry at EGP 4/share

ArabFinance: Al Ahly Pharos Securities Brokerage Research has set the fair value (FV) of Cairo Poultry Company (CPC) (POUL)  at EGP 4 per share, with a recommendation of “Overweight”, the research firm noted in a report.

It is worth noting that CPC reported a consolidated profit attributable to the parent company of EGP 182.23 million in 2021, up from EGP 103.378 million in 2020.

The company’s standalone net loss after tax skyrocketed to EGP 62.66 million in 2021 from EGP 6.906 million in 2020.

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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