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Cairo Poultry H1 profits up 121%

Cairo Poultry H1 profits up 121%
Sales increased in H1-16/17 to EGP 2.12 billion
Cairo Poultry
POUL
-2.93% 17.92 -0.54

Cairo – Mubasher: Cairo Poultry’s consolidated profits jumped in the first half of fiscal year 2016/20147 by 121% to EGP 221.54 million, compared to EGP 100.23 million for H1-15/16.

Sales increased in H1-16/17 to EGP 2.12 billion from EGP 1.17 billion in the same period last year.

Meanwhile, standalone financial statements for H1-16/17 showed a net loss of EGP 1.35 million, compared to profits worth EGP 93.4 million for H1-15/16.