Cairo Poultry’s consolidated profits surge 287% YoY in 2023
Updated 3/3/2024 10:37:00 AM
Arab Finance: Cairo Poultry Company registered a 287.08% year-on-year (YoY) growth in consolidated net profits attributable to the parent company in 2023, according to financial statements filed to the Egyptian Exchange (EGX) on March 3rd.
The company’s consolidated profits excluding minority interest surged to EGP 1.147 billion from EGP 295.89 million.
As for the standalone financials, the company recorded net profits after tax of EGP 216.766 million last year, down from EGP 321.71 million a year earlier.
Cairo Poultry is a leading integrated poultry company in the region. Its supply chain and operations cover all steps of the production cycle such as grandparents, parents, hatcheries, broilers, and processing. The company is now Egypt’s key player in the market for retail and value-added food sales offering chilled, frozen, and value-added products to individual and institutional clients alike.
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