Egypt for Poultry turns to profitability in 2021
Updated 2/21/2022 10:37:47 AM
ArabFinance: Egypt for Poultry (Egypco) (EPCO) has turned to profitability in the full-year ended December 31st 2021, according to the company’s financial statements filed to the Egyptian Exchange (EGX).
The company has recorded a consolidated net profit excluding minority interest of EGP 7.44 million in 2021, versus a net loss of EGP 4.53 million in 2020.
Consolidated operating revenue fell to EGP 1.87 million in 2021 from EGP 3.92 million a year earlier.
Meanwhile, the company’s standalone net profit stood at EGP 9.34 million in 2021, versus a net loss of EGP 5.91 million in 2020.
Egypco is a public shareholding company that operates in the food processing industry. It manages poultry farms and slaughterhouses and is engaged in land reclamation and agricultural activities, as well as cattle and fish product manufacturing.
