Arab Finance: Mansourah Poultry (MPCO) has reported a 1,105% year-on-year (YoY) surge in net profits after tax during the first quarter (Q1) of 2022, according to financial statements filed to the Egyptian Exchange (EGX) on May 29th.
The company recorded a net profit after tax of EGP 5.43 million in Q1 2022, compared to EGP 524,147 in Q1 2021.
Revenue amounted to EGP 52.842 million in Q1 2022, up by 61% from EGP 32.787 million in Q1 2021.
Mansoura Poultry is an Egypt-based public shareholding company specialized in poultry farming and its related activities. The firm produces poultry products for breeding purposes for the production of hatching eggs and day-old chicks.