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Unipack’s profits grow 43.9% YoY in Q1

Unipack’s profits grow 43.9% YoY in Q1

Arab FinanceUniversal for Paper and Packaging Materials (Unipack) (UNIP) reported a 43.9% year-on-year (YoY) growth in net profits for the first quarter (Q1) of 2022, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on June 1st.

Net profits amounted to EGP 7.76 million in Q1 2022, compared to EGP 5.39 million in Q1 2021.

The company also achieved net sales of EGP 188.64 million in the three-month period ended March 31st, growing from EGP 122.117 million in Q1 2021.

Unipack is an Egypt-based public shareholding company that manufactures self-adhesive products. The company is primarily engaged in the production and sale of paper and packaging materials while marketing its products domestically and internationally.

 

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