Arab Finance: Cairo Poultry Company (CPC) (POUL) registered a 69.18% year-on-year (YoY) decline in consolidated loss attributable to the parent company during the first half (H1) of 2023, according to financial statements filed to the Egyptian Exchange (EGX) on August 13^th.

The company’s consolidated losses excluding minority interest surged to EGP 1.496 million in H1 2023 from EGP 4.856 million in the same period a year earlier.

Consolidated operating revenue amounted to EGP 3.710 million from January until the end of June, with no revenues reported in the same period.

As for the standalone financials, the company recorded a net loss after tax of EGP 626,223 in the January-June period, down from a net loss of EGP 3.738 million in the corresponding period 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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