Unipack’s consolidated profits surge 154% YoY in Q1 2024

Updated 5/30/2024 10:55:00 AM
Unipack’s consolidated profits surge 154% YoY in Q1 2024

Arab Finance: Universal for Paper and Packaging Materials (Unipack) reported a 154.2% year-on-year (YoY) growth in consolidated net profits attributable to the parent company in the first quarter (Q1) of 2024 to EGP 20.612 million, versus EGP 8.109 million, as per a disclosure.

The company also achieved net sales of EGP 310.346 million in the three-month period ended March 31st, growing from EGP 192.949 million in the first three months of 2023.

As for standalone financials, the firm earned net profits after tax of EGP 20.616 million in Q1 2024, compared to EGP 8.109 million in Q1 2023.

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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