< Arab Finance - News - CPC registers 1.3% higher consolidated profits in Q1
Count Down to relaunch



CPC registers 1.3% higher consolidated profits in Q1

CPC registers 1.3% higher consolidated profits in Q1

ArabFinanceCairo Poultry Company (CPC) (POUL) has reported a 1.33% year-on-year (YoY) increase in consolidated profits attributable to the parent company during the first quarter (Q1) of 2022, recording EGP 52.542 million, according to the company's consolidated financial statement filed to the Egyptian Exchange (EGX) on May 24th.

The company’s contractual revenue surged to EGP 1.461 billion in Q1 2022 from EGP 1.161 billion in Q1 2021.

CPC has posted a standalone net profit after tax of EGP 2.173 million in the three-month period ended March 31st, compared to a net loss of EGP 18.41 million in the same quarter a year earlier, the standalone financial statement 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.

 

 

Recommended Stocks

13 Jun 2022
Delta Sugar SUGR
Close
00
Change
00
Hold

All rights reserved to Arab Finance 2020 ©

Back to top