El Badr Plastic turns profitable in Q1

Updated 6/1/2022 3:23:23 PM

Arab FinanceEl Badr Plastic Company (EBDP) has turned to profits in the first quarter (Q1) of 2022, according to the company’s financial income statement filed to the Egyptian Exchange (EGX) on May 31st.

The company has achieved a net profit of EGP 22,997 in Q1 2022, versus a net loss of EGP 1.27 million in Q1 2021.

Sales surged to EGP 1.803 million in Q1 2022 from EGP 625,119 in the same quarter a year earlier.

Founded in 2002 and listed on EGX in 2008, El Badr specializes in providing plastic packaging solutions to meet all packaging and design needs.