Cairo Poultry sees 409% YoY consolidated profits hike in 9 months
Updated 11/9/2023 10:33:00 AM
Arab Finance: Cairo Poultry Company registered a 409% year-on-year (YoY) growth in consolidated net profits attributable to the parent company during the first nine months of 2023, according to financial statements filed to the Egyptian Exchange (EGX) on November 9th.
The company’s consolidated profits excluding minority interest surged to EGP 1.117 billion from EGP 219.489 million.
As for the standalone financials, the company recorded a net profits after tax of EGP 209.609 million in the January-September period, down from EGP 283.209 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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