Cairo Poultry unveils 108% higher consolidated profits in 2024, expansion project
Updated 2/27/2025 1:13:00 PM
Arab Finance: The net profits attributable to the shareholders of Cairo Poultry Company hiked by 108.01% year-on-year (YoY) to EGP 2.386 billion in 2024 from EGP 1.147 billion, as per the financial results.
Revenue from contracts with customers jumped to EGP 14.778 billion last year from EGP 11.782 billion in 2023.
Meanwhile, Cairo Poultry shifted to standalone net losses after tax valued at EGP 6.785 million at the end of December 2024, against net profits of 216.765 million a year earlier.
Non-consolidated revenues rose to EGP 1.649 billion from EGP 1.558 billion.
In a separate bourse disclosure, the EGX-listed firm rolled out a broiler expansion project with a capital expenditure (CAPEX) of approximately EGP 120 million.
Through a long-term lease deal, the project will boost Cairo Poultry’s broiler production capacity by an additional 2.3 million birds.
The project, which will be funded internally, anchors the company’s commitment to delivering high-quality poultry products and catering to growing customer needs.
Subject to obtaining the necessary approvals, the operational phase is expected to commence within six months.
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