Arab Finance: Mansourah Poultry (MPCO) turned to profitability during the first half (H1) of 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on August 18th.

The company recorded a net profit after tax of EGP 2.465 million in H1 2022, compared to a net loss of EGP 8.866 million during the same period last year.

Net operating revenue surged to EGP 89.73 million in the January-June period from EGP 52.894 million in the year-before period.

Mansoura Poultry is an Egypt-based public shareholding company specializing 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.